Top Goldman Sachs analyst Eric Sheridan raised his price targets for AppLovin (APP), Meta Platforms (META), and Alphabet (GOOGL) ahead of their Q3 results, citing a more supportive digital ad environment and improving growth visibility across the sector. Sheridan’s updated note reflects stronger confidence in each company’s long-term fundamentals.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Goldman Sees Sustained Growth Ahead for AppLovin
AppLovin is a software and marketing platform that helps mobile app developers grow and monetize their apps through data-driven advertising and analytics tools. APP stock has gained 82% year-to-date. The company is expected to release its Q3 2025 results early next month. Wall Street analysts expect AppLovin to report earnings per share of $2.37 on revenues of $1.34 billion.
The 4-star analyst raised his price target on AppLovin to $630 from $445, while keeping a Neutral rating. The analyst said he expects AppLovin to deliver 20% or more ad revenue growth annually over the next three years. He pointed to steady gains in mobile gaming ad demand, favorable industry trends, and modest market share increases as key drivers. According to Sheridan, these factors position AppLovin for steady growth, even as competition in digital advertising intensifies.
Meta Gains Momentum with Stronger Growth and Cost Control
Meta Platforms, a social media and digital advertising giant, has seen its shares gain 22.5% year-to-date, driven by strong ad spending recovery and rising engagement across its apps. The company is expected to release its Q3 2025 results on October 29. Wall Street analysts expect Meta to report earnings per share of $6.67 on revenues of $49.37 billion.
For Meta Platforms, Sheridan raised his price target to $870 from $830 and kept a Buy rating. He said Goldman Sachs now expects stronger revenue growth through 2026 and beyond, helped by a better ad spending outlook. He also expects Meta to slow its expense growth, which should support margins and lift profits. He added that Meta’s tight cost control and solid user engagement across its apps underpin his bullish stance.
Google Strengthens AI and Search Growth
Alphabet has seen its shares climb nearly 30% so far this year, driven by solid Search performance and rising adoption of its AI tools. The company is set to benefit further from its Gemini AI platform and steady ad revenue growth across its key businesses. It will release its Q3 2025 results on October 29. Wall Street analysts expect GOOGL to report earnings of $2.30 per share on revenues of $99.46 billion.
Sheridan raised his price target on Alphabet to $288 from $234 and kept a Buy rating. He highlighted Alphabet as one of the top AI opportunities within Goldman’s coverage. The analyst pointed to continued gains in core Search, growing use of the Gemini app, and a better-than-expected outcome in the Search antitrust case as the main drivers of his higher target.
Wall Street’s Take on APP, META, and GOOGL
Using the TipRanks Stock Comparison Tool, Meta offers the highest upside potential at 23.88%, followed by AppLovin with 12.74%, while Alphabet shows a more modest 4.21% upside from current levels.
