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AppLovin Stock Surges 19% on S&P 500 Inclusion and Analyst Upgrade
AppLovin Stock Surges 19% on S&P 500 Inclusion and Analyst Upgrade
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BTCCSquare news:
AppLovin's stock soared nearly 19% this week after being added to the S&P 500 index, a MOVE reflecting its growing market capitalization. The inclusion, announced by S&P Dow Jones Indices, will take effect before market open on September 22. The company joins next-generation brokerage and mechanical/electrical systems specialists in the index, displacing current components.
Wedbush analyst Alicia Reese further fueled Optimism by raising her price target on AppLovin by 17% to $725 per share, implying a 25% upside from recent levels. The upgrade underscores confidence in the company's growth trajectory, though specific catalysts for the target hike were not detailed in available reports.
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