UBS Reiterates Buy Rating on AppLovin and Increases Price Target to $840
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters, enhancing the trading experience for its users.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, indicating a robust network for sharing market intelligence.
Market Winning Tools: Benzinga Pro is designed to equip traders with the tools and information necessary to succeed in the markets daily.
Trade with 70% Backtested Accuracy
Analyst Views on APP
About APP
About the author

U.S. Markets Declined on Friday; Unity Software Experienced Largest Loss
U.S. Stock Market Performance: Stock indexes in the U.S. experienced a decline on Friday, with the overall market showing negative trends.
Specific Index Changes: The S&P 500 fell by 0.94%, the Dow Jones dropped by 0.43%, and the Nasdaq decreased by 0.36%.

AppLovin Shares Drop Amid Google's Project Genie Announcement
- Stock Decline: AppLovin shares fell 11.7% today in response to concerns over Google's Project Genie, a new prototype from DeepMind that enables users to create AI-driven virtual gaming worlds, triggering a sell-off in gaming stocks.
- Business Transformation: The drop in AppLovin's stock is surprising given that the company sold its game development segment last year and now primarily monetizes through its adtech platform, which could benefit from Project Genie if it opens new ad inventory in mobile gaming.
- Market Pressure: AppLovin's stock is also facing pressure from a broader sell-off in software stocks, trading at a high price-to-sales ratio of 31, which raises concerns about its valuation and may affect investor confidence.
- Earnings Expectations: AppLovin is set to report its fourth-quarter earnings on February 11, with analysts expecting a 17.4% revenue growth to $1.61 billion and adjusted earnings per share to rise from $1.73 to $2.95, which could improve market sentiment if results meet expectations.






