- Prev close
- $391.22
- Day range
- $348.69 – $398.00
- From 52-wk high
- -47.0%
APP's 2026-11-06 rally of +9.9% was driven primarily by stock-specific news flow and momentum rather than the broader tape, with strong revenue growth and margins still doing the heavy lifting. The move looks well-supported, though the 2.35 beta and rich recent run keep swings elevated.
APP
APPLOVIN CORP-CLASS A
As of Nov 7, 2026
74/100
Looks healthyHealth ScoreWhy it moved
APP rose +9.9% in 2026-11-06's close, while the S&P 500 finished +0.3% and the Nasdaq 100 was +1.4%; that gap is too wide to call it a market move. Same-sector peers were mixed and much smaller in scale — OMC -0.8%, NIQ +2.5%, TTD +0.9%, MGNI -0.5% — so the primary driver was stock-specific, helped by a run of upbeat company commentary and follow-on notes around AppLovin's growth story rather than a sector-wide re-rating.
Normal volatility?
This looks like elevated but still explainable volatility rather than deterioration. The business is still growing fast, with revenue +57.8% YoY (TTM), latest quarter +55.5% YoY, and EPS +80.2% YoY (TTM), while margins remain exceptional at gross +88.8%, operating +77.8%, and net +65.9%. The valuation is not cheap, but it is not stretched versus growth: PE 26.1, forward PE 11.9, and PEG 0.49 — a PEG of 0.49 means the P/E is less than half the growth rate, so the market is still pricing in a strong expansion path. Beta is 2.35, so larger swings are normal for the name, and the recent +71.2% over 1w and +39.7% over 1m show momentum that can amplify both upside and pullbacks.
Earnings preview
The next earnings date is not available this period, so I cannot anchor the report to a confirmed print date. The latest company commentary points to revenue of $2.18 billion in Q3'26 and management saying the business can grow about 30% a year long term; the facts here also show revenue +57.8% YoY (TTM) and EPS +80.2% YoY (TTM), which set the bar high. What the market will be focused on is whether growth can stay near that pace, whether margins can hold near gross +88.8%, operating +77.8%, and net +65.9%, and whether the post-rally valuation can keep tracking the underlying growth rather than getting ahead of it.
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