Applovin (APP) stock fell over 60% in 2026. Despite this, a UBS analyst maintains conviction the price could triple. The share price drop followed a second-quarter revenue miss. It also stemmed from investor concerns about the timing of upgrades to its AI advertising model.
UBS analyst Stephen Ju reiterated a $790 price target. This implies over 200% upside. The target is based on its October 25th price of about $260. The outlook cites potential for strong AXON platform monetization. It also notes expansion into e-commerce advertising. A majority of Wall Street analysts remain positive. Their consensus target price suggests significant upside.