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AppLovin vs Palantir Technologies: Which Stock Looks Stronger in 2026?

AppLovin holds the cleaner structural position, with valuation as the main driver and growth adding further support. Palantir Technologies still leads on growth and stability, which keeps the comparison from looking entirely one-sided. On the market side, AppLovin is in better shape — its trend is intact while Palantir Technologies's trend has broken down. That puts structure and market broadly in agreement — AppLovin's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Nasdaq 100 universe, making them directly comparable.

Updated 2026-05-17

The clearest separation starts in valuation, with profitability adding a second layer of support. The overall score gap is 8 points in favour of AppLovin Corporation.

Trajectory Similarity
0.68
Moderately similar
Peer-set rank: #3
within AppLovin Corporation's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

The clearest structural overlap shows up in investment intensity and revenue growth trajectory.

Similarity drivers
investment intensityrevenue growth trajectory
What reduces the match
margin trend
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
APP
AppLovin Corporation
60
Peer-Score
Signal qualitylow
Peer basis: Nasdaq 100
vs
PLTR
Palantir Technologies Inc.
52
Peer-Score
Signal qualitylow
Peer basis: Nasdaq 100

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: APP vs PLTR Profitability 100 82 Stability 28 43 Valuation 55 14 Growth 38 74 APP PLTR
Gap Ranking
#1 Valuation +41
#2 Growth +36
#3 Profitability +18
#4 Stability +15
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for APP and PLTR Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer APPPLTR Relative valuation Structural strength

Palantir Technologies Inc. still looks cheaper, even though AppLovin Corporation remains structurally stronger.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where APP and PLTR each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY APP Elevated · below norm 0th 50th 100th 9 pct gap PLTR Elevated · above norm 0th 50th 100th 92nd 83rd
APP (92nd percentile) and PLTR (83rd percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
On valuation, AppLovin Corporation is positioned higher in the group, while Palantir Technologies Inc. is closer to the middle.
Growth
On growth, Palantir Technologies Inc. ranks near the top of the group; AppLovin Corporation sits in the weaker half.
Valuation — Dominant Gap
APP
55
PLTR
14
Gap+41in favour of APP

The multiple-based pricing edge comes from a forward P/E that is 42 turns lower.

What keeps the gap from being one-sided

Palantir Technologies still pushes back on growth, with a 26-point revenue-growth advantage that keeps the read from becoming one-way.

What this means for the comparison

Valuation settles the comparison, while pricing and growth keep the broader setup from looking fully aligned.

Explore full peer positioning in AssetNext

Break down the APP vs PLTR comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how APP and PLTR each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.