Wall Street Analysts Think AppLovin (APP) Could Surge 36.45%: Read This Before Placing a Bet

Group 1 - AppLovin (APP) shares have increased by 31.4% over the past four weeks, closing at $328.54, with a mean price target of$448.30 indicating a potential upside of 36.5% [1] - The average of 20 short-term price targets ranges from a low of $200 to a high of$650, with a standard deviation of $122.50, suggesting variability in analyst estimates [2] - Analysts have shown a strong agreement in revising earnings estimates higher, with four estimates moving up in the last 30 days and no negative revisions, leading to a 14.2% increase in the Zacks Consensus Estimate [11][12] Group 2 - The Zacks Rank for APP is 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13] - While price targets are often viewed as a key metric, they can mislead investors, and analysts may set overly optimistic targets due to business incentives [7][8][10] - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [9]