AppLovin Extend Its Rebound as Momentum Builds Above $460

$AppLovin Corporation(APP)$

AppLovin Corporation (APP) Surges +13.19%: Strong Rebound from Support at $387.55

Latest Close Data

Closed at $460.38 on 2026-02-10, up +13.19% (+$53.66). This is still 38.2% below its 52-week high of $745.61.

Core Market Drivers

A significant rebound from recent lows, driven by strong institutional buying interest and a positive market sentiment shift towards high-growth tech stocks.
The company's robust ROE of 241.89% continues to attract investor attention.

Technical Analysis

Volume surged to 10.32M shares (Volume Ratio: 1.18), confirming the breakout.
The MACD histogram (latest value: -19.21) shows a significant reduction in negative momentum, suggesting a potential bullish crossover is forming.
The 12-day RSI at 40.33 has risen sharply from oversold levels, indicating strong buying pressure.

Key Price Levels

* Primary Support: $387.55 (Previous day's support level).

* Immediate Pivot: $460.38 (Today's close, key for continuation).

* Strong Resistance: $643.55 (Previous day's resistance level).

Valuation Perspective

Forward P/E is 31.54, significantly below its 3-year average of 50.43 and near the lower bound of its historical range (-1 Std. Dev: 31.79), suggesting the stock may be undervalued relative to its own history.

Analyst Targets

27 analysts cover the stock with an average price target of $720.59 (upside of ~56.5%). The consensus is overwhelmingly bullish: 8 Strong Buy, 18 Buy, 3 Hold, 1 Underperform.

Weekly Outlook

The strong bounce sets the stage for a test of the $480-$500 zone. Sustained trade above $460 could target the $500-$520 range. A failure to hold the $420-$430 area would negate the bullish setup.

Risk Disclaimer

Past performance is not indicative of future results. This analysis is for informational purposes only and not financial advice. Investing involves risk, including potential loss of principal.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.