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APP · NASDAQ · STOCK

AppLovin

Technology Updated August 09, 2026
$348.94
52W $332.19 – $745.61
52/100
$116.50B
26.5
2.53
AI Committee Verdict
Watch
52/100
Conviction: Contested · 50% agreement · 6 analysts
+20.4%
-7.5%
2.73:1
Contested

Is APP Bullish or Bearish?

Mixed. Innellis AI committee rates AppLovin (APP) Watch with a composite score of 52/100 , based on 6 analysts with 50% agreement. Last updated August 09, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +7.60 from today. Applies on the first day at or above the line; upgrades are never dampened.
Downgrade to Reduce
Requires the score to fall below 40.0 — -12.40 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.

Executive Summary

The committee is genuinely divided. Growth Analyst sees a compelling case — revenue growing 60.6% yoy -- genuine top-line momentum. Technical Analyst remains cautious — price structure making lower highs and lower lows. This disagreement is itself the signal — the setup is not clean in either direction.

Bull & Bear Case

Bull Case
  • ROE of 193.1% shows genuine earnings power backing the valuation — Value
  • Revenue growing 60.6% YoY -- genuine top-line momentum — Growth
  • EPS growing 84.7% YoY — Growth
  • 5 consecutive earnings beats -- consistent execution — Growth
  • Market regime is bullish (Bull market -- normal position sizing) — Macro
  • Beta of 2.57 means this name should amplify a favorable market regime — Macro
Bear Case
  • P/E of 26.4 is moderate-to-rich — Value
  • Price-to-book of 106.7x prices in significant intangible value — Value
  • Debt-to-equity of 1.70 adds balance-sheet risk to the value case — Value
  • Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
  • Price structure making lower highs and lower lows — Technical
  • RSI at 28 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
Both cases are generated from quantitative data signals, not qualitative or forward-looking judgement. They summarise what the numbers say today.
Price History (6M)

AI Investment Committee

Committee Consensus As of August 09, 2026
Overall Committee Score
52/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 90%
of 172 Technology peers
Value Analyst neutral
45 / 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 193.1% shows genuine earnings power backing the valuation
− P/E of 26.4 is moderate-to-rich
Growth Analyst bullish
71 / 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 60.6% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst bearish
32 / 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst bearish
32 / 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 1.70) amplifies downside in a stress scenario
Macro Analyst bullish
70 / 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst bullish
64 / 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 134 articles, 14d)
Portfolio Manager neutral
55 / 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
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Investment Thesis Evolution

Committee score moved marginally from 52.4 to 52.4.

Analyst-level changes:
  • Growth Analyst: +2 bullish signal(s).
  • News Analyst: +1 bullish signal(s).
  • Value Analyst: +1 bearish signal(s); +1 bullish signal(s).

Comparing 2026-08-08 to 2026-08-09 (1 day apart).

Technical Analysis

RSI (14)
28.1
Oversold
MACD Histogram
-3.962
Bearish Momentum
Trend Direction
Downtrend
Weekly: Sideways
Market Structure
Lh Ll
Support
$320.75
Resistance
$417.30
Bollinger %B
-0.05
Below Lower Band
Price vs Moving Averages
EMA 9
$387.43 Below
EMA 21
$415.73 Below
EMA 50
$449.61 Below
EMA 200
$475.86 Below

Fundamental Analysis

Valuation
51
Growth
79
Profitability
100
Financial Health
85
Cash Flow
70
Valuation
P/E Ratio 26.5×
P/B Ratio 36.91×
PEG Ratio 0.32
Dividend Yield 0.00%
52W High $745.61
52W Low $332.19
Quality & Growth
ROE 15617.2%
ROA 4592.2%
Gross Margin 8846.4%
Operating Margin 7744.0%
Revenue Growth YoY
Debt / Equity 1.11
AI Fundamental Assessment
P/E ratio of 26.5 (moderate relative to a 15-40x range); Price-to-book of 36.9x; PEG ratio of 0.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 156.2%; Return on assets of 45.9%; Net margin of 64.6%; Gross margin of 88.5%; Current ratio of 4.30 (healthy short-term liquidity); Debt-to-equity of 1.11; Free cash flow per share is positive (13.37); Most recent quarter beat estimates by 0.1%; 5 consecutive earnings beats; EPS growth decelerating (+9.9% -> +5.6% QoQ); Average YoY EPS growth of 57.3%; Analyst estimates rising over recent quarters
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📈 Rating History 💰 Earnings 📰 Recent Events 🔄 What Changed 📖 Thesis Evolution 🔍 Similar Stocks
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