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Jefferies Cuts AppLovin Corporation (APP)’s Price Target To $700 From $860, Keeps Buy Rating
Jefferies Cuts AppLovin Corporation (APP)’s Price Target To $700 From $860, Keeps Buy Rating
Ashar Jawad
Sun, February 15, 2026 at 1:52 PM GMT+9 2 min read
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APP
+6.44%
AppLovin Corporation (NASDAQ:APP) is among the 10 best meme stocks to buy now. On February 12, Jefferies cut its price target on the stock to $700 from $860, while maintaining a Buy rating.
Jefferies Cuts AppLovin Corporation (APP)'s Price Target To $700 From $860, Keeps Buy Rating
The adjustment came after the company announced its fourth-quarter financial results the day before. Ahead of the earnings call, analysts at Jefferies noted increased competition in the advertising landscape, which could compress margins.
AppLovin Corporation (NASDAQ:APP) reported sales of $1.66 billion for the quarter, growing 66% year-over-year and beating analysts’ estimates of $1.60 billion. Net income expanded 84% from the prior year’s period to $1.10 billion. Diluted EPS stood at $3.24 against expectations of $2.95 per share.
Jefferies described the results as ‘impressive’ and said they remained ‘constructive’ for the company despite the reduction in the price target.
On the same day, Morgan Stanley also lowered its price target on the stock to $720 from $800, reflecting a sector-wide valuation reduction. However, the firm reiterated an Overweight rating and praised the firm’s strong Q4 performance. The investment bank also raised the company’s EBITDA estimates for FY26 and FY27 by 2% each.
Despite recent price target revisions, the stock remains a Strong Buy and has a consensus average share price upside potential of 88.62%, as of the close on February 12.
AppLovin Corporation (NASDAQ:APP) is a marketing platform that provides software and AI solutions to help businesses monetize their content and expand their global audiences.
While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
**READ NEXT: 10 Best American Defense Stocks to Buy According to Wall Street Analysts and **12 Most Profitable NASDAQ Stocks to Buy Right Now.
Disclosure: None.
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