AppLovin price target raised to $450 from $385 at Loop Capital

Loop Capital raised the firm’s price target on AppLovin (APP) to $450 from $385 and keeps a Buy rating on the shares. The company’s non-inclusion in the S&P 500 index drove a 19% decline in the stock price last week, but the firm believes that investors should buy the pullback, the analyst tells investors in a research note. AppLovin will be one of the better growth stocks again in 2025, and the recent weakness is possibly “the best opportunity to accumulate the stock during this up cycle”, Loop adds, stating that the growth in the company’s core gaming business – with 63% 3-yr CAGR and 66% last quarter – can justify the stock price.