Overview

• Shares traded down about 2.4% to $589.30 on Wednesday, within a 52-week range of $120.64 to $613.69.
• AppLovin joins the S&P 500 on Sept. 22, a shift that typically draws buying from index funds and other institutions.
• BTIG raised its price target to $664 from $547, citing expansion beyond gaming into e-commerce, finance and healthcare while maintaining a Buy rating.
• Wedbush lifted its target to $725 from $620 and kept an Outperform rating, highlighting strong growth, margins and potential tailwinds from gaming and web-store trends tied to the Apple–Epic case.
• Benzinga’s momentum gauge showed a reading of 98.46, underscoring the stock’s recent strength.