Scotiabank Keeps an Outperform Rating on AppLovin Corporation (APP)

AppLovin Corporation (NASDAQ:APP) is among the Most Volatile Stocks.

On February 12, 2026, several analysts adjusted their price estimates on AppLovin Corporation (NASDAQ:APP).

Scotiabank upgraded AppLovin Corporation (NASDAQ:APP)’s price goal to $775 from $750 while retaining an Outperform rating. The company reported that Q4 revenue, EBITDA, and EPS exceeded forecasts. The management noted that the e-commerce self-service platform remains on schedule to be available in the first half of 2026. Scotiabank forecasts a solid 2026.

On the same day, BofA reduced its price objective on AppLovin Corporation (NASDAQ:APP) to $705 from $780 while maintaining a Buy rating. The firm said that the corporation’s valuation fell due to industry de-rating and sluggish e-commerce growth. BofA mentioned the corporation’s gaming business as a source of support.

Jefferies also reduced its price goal on AppLovin Corporation (NASDAQ:APP) to $700 from $860 while maintaining a Buy rating. The firm described quarterly results as outstanding after revising valuation assumptions.

Wedbush boosted its price target on AppLovin Corporation (NASDAQ:APP) to $640 from $465 while keeping an Outperform rating. The company noted a quarterly earnings beat and solid gaming performance.

AppLovin Corporation (NASDAQ:APP) develops and operates a mobile marketing platform. It provides AppDiscovery, MAX, Adjust, and SparkLabs. Its software-based platform enables mobile application developers to increase app marketing and revenue.

While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 20 Best Performing Stocks in 2025 and 12 Best Food Stocks to Buy in 2026.

Disclosure: None.