APP

AppLovin Corporation Class A Common Stock

2026-01-16 08:51 PM

-7.19%

AppLovin extends multi-day selloff despite bullish analyst initiations

APP continues to decline for the third consecutive day, falling sharply despite positive analyst coverage. Evercore ISI initiated with Outperform and an $835 price target on Wednesday, and JPMorgan also began coverage on a bullish note. However, Barron's noted the stock was 'tanking' even as these buy ratings emerged.

Analysis

This appears to be a continuation of the sharp selloff that began January 14, when the stock dropped nearly 8% despite receiving bullish analyst initiations. The pattern suggests profit-taking or valuation concerns after APP's massive 2025 rally, with the stock now down roughly 15% over three sessions. One source mentions broader tech weakness tied to China blocking Nvidia's H200 chips, which may have contributed to sector pressure on high-growth ad-tech names.

Sources

Date: 2026-01-16

Price: $563.32

Type: Stock Specific

Confidence: medium