New York, January 8, 2026, 19:32 (ET) — After-hours
- AppLovin shares fell in Thursday’s session and were little changed after the close
- Wells Fargo raised its price target ahead of next month’s results, citing mixed web ad signals
- Investors also brace for Friday’s U.S. jobs report before AppLovin’s Feb. 11 earnings
AppLovin (APP.O) shares slipped 2.6% to $616.53 on Thursday and barely moved in after-hours trading. During the session, prices swung between $605.51 and $629.87. MarketBeat
The next key date to watch is Feb. 11, when AppLovin plans to unveil its fourth-quarter and full-year 2025 results after U.S. markets close. The company also set a 5 p.m. ET webcast, led by CEO Adam Foroughi and CFO Matthew Stumpf. That’s usually when investors zero in on “guidance” — the company’s own outlook for what lies ahead. AppLovin
Wells Fargo analyst Alec Brondolo bumped the firm’s price target up to $735 from $721 and maintained an Overweight rating. He raised his fourth-quarter revenue forecast by 3%, citing strong checks from mobile games, though he noted that “web ads trends are mixed.” Advertisers are still optimistic about prospecting—the tactic of targeting new customers—but he warned that wallet share among current clients remains flat. TipRanks
The broader market hit a rough patch, with heavyweight tech shares dragging down the Nasdaq and S&P 500 as defense stocks edged higher. Investors moved swiftly to dial back bets on high-multiple growth names amid fresh rate hike jitters. Reuters
Friday’s U.S. employment report is scheduled for 8:30 a.m. ET. This key data often rattles Treasury yields and, in turn, sends ripples through richly valued software and internet stocks. Bureau of Labor Statistics
Separately, Bank of America analyst Justin Post highlighted AppLovin as one of the stocks poised to ride an “agentic AI” wave — software designed to perform tasks for users — alongside companies like Amazon, Wayfair, Expedia and Roblox. MarketWatch
But the setup can work against the stock just as easily. If ad demand slips, if clients tighten their purse strings, or if AppLovin’s forecast falls short, the shares could dive quickly — especially since investors are already digging into channel checks and questioning how sustainable the recent results truly are.
What’s next is pretty clear: AppLovin’s results for Feb. 11, followed by the company’s forecast for the next quarter.
