Overview

• AppLovin will be added to the S&P 500 at the market open on September 22, 2025.
• BTIG raised its price target to $664 this week, citing expansion beyond gaming into e-commerce, finance and healthcare.
• Wedbush lifted its target to $725 on September 12 with an Outperform rating, pointing to gaming momentum, ecommerce progress and potential tailwinds linked to Apple vs. Epic.
• Q2 2025 results showed 16.5% year-over-year revenue growth to $1.26 billion, with EPS of $2.39 beating estimates by roughly 20% while revenue came in slightly below forecasts.
• Shares are slightly lower today after a roughly 36% one-month surge, as investors position for index-driven buying tied to next week’s inclusion.