AppLovin Corporation (APP)

AppLovin closed at $409.10 on November 13, 2026, up 3.92% on the session and back above its 200-day average of $405.79 for the first time since November 9, 2026. The move came after a month in which the stock rose 56.03%, following a quarter in which revenue grew 52.82% year on year and EPS of $4.30 beat the $4.03 estimate. The stock is still 44.57% below its 52-week high of $738.01 and down 39.29% year to date, so the rebound is recent and sits inside a wide range.

The stock rose 56.03% over the past month and 4.57% over the past week, which is the context for the 3.92% gain on November 13, 2026. The most recent earnings report, dated November 4, 2026, showed adjusted EPS of $4.30 against an estimate of $4.03, a beat of 6.70%, and the stock rose 31.04% in the first session after it. Revenue grew 52.82% year on year in the latest quarter, against a sector median of 13.9%. The earnings beat and revenue growth are the clearest reasons for the recovery, though it is not clear which factor weighed most.

The earnings record is strong on the numbers but volatile on the reaction. All six of the last six reports beat the EPS estimate, yet the stock fell in the first session after two of them, including a 19.68% drop after the February 11, 2026 report and a 19.66% drop after the August 5, 2026 report. Over the 18 months covered by the record, insiders sold shares worth $1.2B across 65 sales and made no open-market purchases. Insider sales are often planned in advance or made to cover tax on vesting shares, so they are a weaker signal than open-market purchases would be.

At a trailing P/E of 27.55, the stock trades 18.2% above the sector median of 23.3, which is broadly in line with peers. Return on equity of 210.09% compares with a sector median of 15.8%. Debt-to-equity is 1.07, so the balance sheet carries some leverage alongside the profitability.

The close on November 13, 2026 is 44.23% below the highest close of the last 252 trading days, which was $733.60 on December 22, 2025. The stock closed lower on 93 of the 224 trading days since that high, most recently on November 12, 2026 at $393.68. On November 13, 2026 it closed above the 200-day average for the first time since November 9, 2026. Its RSI of 72.6 places it in the overbought zone, and the MACD line is positive.

The base case is that AppLovin keeps its recent footing as long as the price holds above the 200-day average and the 20-day average keeps rising toward the price. Analysts expect EPS to rise from $16.25 for 2026 to $20.50 for 2027, so the case rests on the earnings growth they forecast being delivered. The median analyst target of $450.00 sits 10.0% above the price, while the lowest target of $345.00 would require a fall of about 16% from the current level to reach. A move back below the 200-day average would weaken the case, and a sustained close above the 52-week high of $738.01 would be a much stronger signal. Given a typical daily move of 7.04% and a beta of 2.50, the stock can swing sharply in either direction within a few sessions.

Support sits first at the 200-day simple moving average of $405.79, which the price has just reclaimed; a close back below it would put the stock under that average again. Below that, the 20-day exponential moving average at $330.41 is the next level a decline would meet, and it has been rising as the stock recovered. The 50-day simple moving average at $302.13 is the third support level. The 52-week low of $225.19 is the furthest support level below the price. Resistance begins at the 52-week high of $738.01, the only level above the price, and it marks the top of the range the stock has traded in over the past year.