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APP · NASDAQ · STOCK

AppLovin (APP) Stock Analysis

Technology Updated August 23, 2026
$305.99
52W $298.00 – $745.61
51/100
$102.72B
23.4
2.53
AI Committee Verdict
Watch
51/100
Conviction: Contested · 40% agreement · 5 analysts
+36.4%
-34.2%
1.06:1
Contested

Is APP Bullish or Bearish?

Mixed. Innellis AI committee rates AppLovin (APP) Watch with a composite score of 51/100 , based on 5 analysts with 40% agreement. Last updated August 23, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +9.37 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 — -10.63 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. Macro Analyst sees a compelling case. 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
  • 5 consecutive earnings beats -- consistent execution — Growth
  • News sentiment is positive (+0.20 across 85 articles, 14d) — News
Bear Case
  • 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 26 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
  • MACD histogram negative -- bearish momentum — Technical
  • Trend and market structure agree -- coherent bearish picture — Technical
  • Bollinger bandwidth of 53.5% signals elevated volatility — Risk
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 23, 2026
Overall Committee Score
51/100
Agreement
40%
Analysts
5
Conviction
Contested
Sector Rank
Top 92%
of 287 Technology peers
Growth Analyst neutral
58 / 100 · Moderate confidence
Moderate growth -- present but not remarkable
+ 5 consecutive earnings beats -- consistent execution
− 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
35 / 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 53.5% signals elevated volatility
Macro Analyst bullish
65 / 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst bullish
64 / 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 85 articles, 14d)
Portfolio Manager neutral
45 / 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3069.37)
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Investment Thesis Evolution

Committee score moved marginally from 52.4 to 50.6.

Analyst-level changes:
  • Growth Analyst: stance bullish->neutral; score 71->58 (-14).
  • Value Analyst abstained (was neutral at 50).

Comparing 2026-08-22 to 2026-08-23 (1 day apart).

Technical Analysis

RSI (14)
26.5
Oversold
MACD Histogram
-0.504
Bearish Momentum
Trend Direction
Downtrend
Weekly: Sideways
Market Structure
Lh Ll
Support
$201.34
Resistance
$417.30
Bollinger %B
0.24
Inside Bands
Price vs Moving Averages
EMA 9
$318.59 Below
EMA 21
$351.92 Below
EMA 50
$404.48 Below
EMA 200
$460.39 Below

Fundamental Analysis

Valuation
55
Growth
79
Profitability
100
Financial Health
85
Cash Flow
70
Valuation
P/E Ratio 23.4×
P/B Ratio 32.54×
PEG Ratio 0.29
Dividend Yield 0.00%
52W High $745.61
52W Low $298.00
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 23.4 (inexpensive relative to a 15-40x range); Price-to-book of 32.5x; 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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