APP · NASDAQ · STOCK
AppLovin
$348.94
52W $332.19 – $745.61
52/100
$116.50B
26.5
2.53
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
Investment Thesis Evolution
Committee score moved marginally from 52.4 to 52.4.
- New bearish signals: 1 appeared.
- Bullish support removed: 4 signal(s) disappeared.
- New bullish signals: 4 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
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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