AppLovin Corp (NASDAQ:APP) is a technology company that specializes in mobile app development and monetization. It provides a platform for app developers to grow their businesses by leveraging data-driven insights and marketing solutions. AppLovin competes with other tech giants in the mobile advertising space, such as Unity Software and IronSource.
On February 12, 2026, Scotiabank maintained its "Outperform" rating for AppLovin, with the stock priced at $387.33. Scotiabank also raised its price target from $750 to $775, indicating strong confidence in the company's future performance. Despite this positive outlook, AppLovin's stock experienced a 16% drop in early trading on Thursday.
This decline in share price occurred even though AppLovin reported a strong fourth-quarter performance. The company achieved a revenue of $1.66 billion, a 66% increase from the previous year, surpassing analyst expectations of $1.61 billion. This robust performance highlights AppLovin's ability to generate significant growth in a competitive market.
AppLovin's current stock price is $387.36, reflecting a decrease of 15.20% or $69.45. The stock has fluctuated between a low of $383.19 and a high of $404.59 today. Over the past year, AppLovin's stock has reached a high of $745.61 and a low of $200.50, showcasing its volatility in the market.
The company's market capitalization is approximately $131 billion, with a trading volume of 5,007,053 shares on the NASDAQ exchange. Despite the recent drop in share price, AppLovin has raised its outlook for 2026, indicating confidence in its future growth prospects.
