Citi elevated AppLovin (APP) to the firm’s top interactive media and entertainment, replacing Take-Two (TTWO). The firm believes AppLovin could be included in the S&P 500 Index in the upcoming index rebalancing round on June 6. Further, the launch of the company’s self-serve tools are apt to accelerate e-commerce revenue in Q4 and 2026, the analyst tells investors in a research note. Citi keeps a Buy rating on the shares with a $600 price target.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APP: