• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    AppLovin Confirms Minimal Exposure to Silicon Valley Bank

    3/13/23 8:00:00 AM ET
    $APP
    Computer Software: Programming Data Processing
    Technology
    Get the next $APP alert in real time by email

    AppLovin Corporation (NASDAQ:APP) ("AppLovin"), a leading marketing platform, today issued the following statement regarding the closure of Silicon Valley Bank ("SVB") by the California Department of Financial Protection and Innovation ("CDFPI") and appointment of the Federal Deposit Insurance Corporation ("FDIC") as receiver of SVB.

    AppLovin has over $1 billion in cash and cash equivalents with less than $2 million at SVB as of March 10, 2023 and no SVB-related credit facilities. We expect to operate our business in the ordinary course and will continue to carefully monitor the situation.

    About AppLovin

    AppLovin enables developers to grow their business. Businesses rely on AppLovin's market leading technologies to solve their mission-critical functions with a powerful, full stack solution including user acquisition, monetization and measurement. AppLovin is headquartered in Palo Alto, California with several offices globally.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release include statements regarding AppLovin's ability to continue to satisfy its payment obligations to its business partners and employees and statements regarding the closure of SVB and its impact on AppLovin's customers and partners. These forward-looking statements are subject to risks and uncertainties, including risks and uncertainties associated with the closure of SVB and appointment of the FDIC as receiver, as well as the risks described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The forward-looking statements in this press release are based on information available to us as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law.

    Source: AppLovin Corp.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005315/en/

    Get the next $APP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $APP

    DatePrice TargetRatingAnalyst
    4/10/2025$350.00Equal-Weight → Overweight
    Morgan Stanley
    3/28/2025$385.00Outperform
    FBN Securities
    1/10/2025$375.00Buy
    The Benchmark Company
    11/20/2024$400.00Overweight
    Piper Sandler
    11/8/2024$80.00 → $280.00Neutral → Outperform
    Daiwa Securities
    10/29/2024$200.00Overweight
    Wells Fargo
    10/22/2024$181.00Buy
    Loop Capital
    10/14/2024$103.00 → $150.00Buy → Neutral
    Goldman
    More analyst ratings

    $APP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • AppLovin upgraded by Morgan Stanley with a new price target

      Morgan Stanley upgraded AppLovin from Equal-Weight to Overweight and set a new price target of $350.00

      4/10/25 8:26:55 AM ET
      $APP
      Computer Software: Programming Data Processing
      Technology
    • FBN Securities initiated coverage on AppLovin with a new price target

      FBN Securities initiated coverage of AppLovin with a rating of Outperform and set a new price target of $385.00

      3/28/25 8:18:31 AM ET
      $APP
      Computer Software: Programming Data Processing
      Technology
    • The Benchmark Company initiated coverage on AppLovin with a new price target

      The Benchmark Company initiated coverage of AppLovin with a rating of Buy and set a new price target of $375.00

      1/10/25 8:50:52 AM ET
      $APP
      Computer Software: Programming Data Processing
      Technology