Why AppLovin Stock Zoomed Almost 19% Higher This Week

Core Viewpoint - AppLovin's stock has seen a significant increase of nearly 19% this week, driven by its inclusion in the S&P 500 index and a raised price target from an analyst [1][2]. Index Inclusion - S&P Dow Jones Indices announced that AppLovin will be included in the S&P 500 index as part of its quarterly rebalancing, effective before market open on September 22 [2][3]. Analyst Price Target - Wedbush analyst Alicia Reese raised her price target for AppLovin by 17% to $725 per share, indicating a potential upside of nearly 25% from its recent closing price [4][5].