Wedbush Lifts AppLovin Target to $600

Seven firms raised AppLovin price targets on November 5 and 6, 2026, while Scotiabank lowered its target to $450.

Updated on Nov. 7, 2026 in Stock Picks

Wedbush raised its AppLovin price target to $600 from $560, the highest among a group of analyst revisions issued November 5 and 6, 2026. Wells Fargo, Morgan Stanley, RBC Capital Markets, Goldman Sachs, Piper Sandler and Oppenheimer also raised their targets, while Scotiabank cut its target to $450 from $515.

Why it matters

The clustered target increases signal a shift in analyst sentiment toward AppLovin's shares, though Scotiabank's cut shows the views are not uniform. The estimates apply to AppLovin's Nasdaq-listed shares and do not carry over to the tokenized APP instrument.

Seven brokerages lifted AppLovin targets, with Wedbush at $600 versus $560 and Goldman Sachs at $445 versus $400, while Scotiabank cut to $450 from $515. The tokenized APP instrument showed a 14-day RSI of 79.10, an overbought reading, and Binance futures open interest fell 6.38% over 24 hours; the drivers of these moves were not identified.

The players

Wedbush

Wedbush is a U.S. investment bank and brokerage firm that issues equity research on publicly traded companies.

Scotiabank

Scotiabank, formally The Bank of Nova Scotia, is a Canadian multinational bank that also operates an equity research division covering U.S. stocks.

Goldman Sachs

Goldman Sachs is a global investment bank and securities firm whose research division publishes price targets on large-cap stocks.

The details

The revisions were issued in updates dated November 5 and November 6, 2026, and cover AppLovin's Nasdaq-listed shares. Wedbush, Goldman Sachs, Piper Sandler and Oppenheimer issued their increases on November 5, while Wells Fargo, Morgan Stanley and RBC Capital Markets did so on November 6.

November 5, 2026: Wedbush, Goldman Sachs, Piper Sandler and Oppenheimer raised AppLovin price targets.
November 6, 2026: Wells Fargo, Morgan Stanley and RBC Capital Markets raised targets, and Scotiabank lowered its target.

Market Dynamics

Analyst target increases clustered across several brokerages reflect how sell-side estimate revisions often move together around earnings and sector sentiment cycles. Scotiabank's downward revision from $515 to $450 illustrates that consensus targets can still diverge sharply even when most firms raise their estimates.

Investors holding AppLovin shares may see the analyst target spread from $450 to $600 as a reference when reviewing positions. Retail investors trading tokenized APP should note that these brokerage targets apply to the Nasdaq-listed shares, not to the tokenized instrument.

The takeaway

Analyst price targets are estimates that can diverge widely, as the $450 to $600 range for AppLovin shows. Compare multiple sources and check whether a target applies to the security you are actually trading.