AppLovin Option Alert: Aug 8 $340 Puts Sweep (9) near the midpoint: 243 vs 156 OI; Earnings 8/6 After Close 

AppLovin Option Alert: Aug 8 $340 Puts Sweep (9) near the midpoint: 243 @ $26.042 vs 156 OI; Earnings 8/6 After Close Ref=$352.71

AppLovin Option Alert: Nov 21 $350 Puts at the Ask: 200 vs 277 OI; Earnings 8/6 After Close 

AppLovin Option Alert: Nov 21 $350 Puts at the Ask: 200 @ $63.0 vs 277 OI; Earnings 8/6 After Close Ref=$335.3501

AppLovin (NASDAQ:APP) Stock

APPLOVIN CORP-CLASS A

AppLovin

AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max, and gaming studios, which develop mobile games. AppLovin announced in February 2025 its plans to divest from the lower-margin gaming studios to focus exclusively on the ad tech platform. AppLovin's primary tool for future growth is Axon 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.

American Apparel Inc

Applovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares are trading lower Tuesday continuing a decline that began in Monday's after-hours session after The Trade Desk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) was <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46405791/the-trade-desk-stock-surges-on-sp-500-inclusion-robinhood-applovin-shares-slide">selected to join the S&amp;P 500</a>.
What To Know: The S&amp;P Dow Jones Indices announced that The Trade Desk will replace Ansys Inc. in the index, effective July 18. Inclusion in the S&amp;P 500 often brings increased exposure and demand from index-tracking funds, which can act as a catalyst.
AppLovin had been considered a strong candidate for potential inclusion. AppLovin shares fell around 2.5% after hours on Monday following the announcement. This wasn't the first time AppLovin shares reacted negatively to index-related news. Earlier this month, the stock also moved lower after Datadog was picked to replace Juniper Networks in the index, another move that sidelined AppLovin's chances at near-term inclusion.
Separately, AppLovin was featured in <a href="https://www.benzinga.com/markets/tech/25/07/46419665/cramers-parc-playbook-robinhoods-breakout-potential-outshines-the-meme-stock-pack">Jim Cramer's recently</a> coined "PARC" basket of stocks. It groups four retail-driven stocks that also include Palantir Technologies, Robinhood Markets and Coinbase Global. While the PARC label reflects ongoing retail interest, AppLovin has lagged its peers in both price performance and momentum this year.
Despite being part of a group associated with retail enthusiasm, AppLovin's setup lacks the strong bullish signals seen in other high-profile retail favorites. AppLovin shares are up approximately 8.93% year-to-date, well behind the other names in Cramer&#8217;s new index. However, AppLovin shares have gained approximately 43% over the past three months and the stock has a strong momentum score of 97.89, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
APP Price Action: AppLovin shares were down 0.72% at $353.32 at the time of publication Tuesday, according to<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1"> Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/earnings/25/07/46416888/jpmorgan-q2-earnings-dimon-warns-tariffs-risks">JPMorgan Q2 Highlights: Investment Banking Revenue Jumps, Dimon Warns Of Tariffs And Geopolitical Risk</a></li>
</ul>
Image via Shutterstock.

News

Movers

What's Going On With AppLovin Shares Today?

<a href="https://www.benzinga.com/markets/tech/25/07/46407417/jim-cramer-made-faang-popular-now-he-says-theres-a-new-acronym-to-describe-these-retail-favorite-stocks-parc">Jim Cramer's 2025 &#8216;PARC&#8217; basket</a> &#8211; Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) &#8211; is still riding the retail wave.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A new acronym for the meme stocks that just won't quit!!! PARC! <a href="https://t.co/m3HmDYDxup">pic.twitter.com/m3HmDYDxup</a>
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944879501931880861?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
But one name is breaking away from the meme crowd with real technical muscle: Robinhood.
<h2 class="wp-block-heading">Robinhood's Technical Knockout</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0715"><img loading="lazy" decoding="async" width="627" height="485" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15072823/Screenshot-2025-07-15-at-4.37.04-PM.png" alt="" class="wp-image-985737" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15072823/Screenshot-2025-07-15-at-4.37.04-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15072823/Screenshot-2025-07-15-at-4.37.04-PM-300x232.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0715">Chart created using Benzinga Pro</a>
Up 153% year-to-date, HOOD is charging toward a major breakout. Trading near $100, the stock boasts an RSI (relative strength index) of 73.13, which is bullish but not overheated, and a MACD (moving average convergence divergence) of 7.72, signaling solid momentum. Importantly, it's riding high above all its key moving averages:
<ul class="wp-block-list">
<li>Eight-day SMA (simple moving average): $96.08</li>
<li>20-day SMA: $87.22</li>
<li>50-day SMA: $72.70</li>
<li>200-day SMA: $47.82</li>
</ul>
A decisive move above $105 could unlock upside toward $120, with strong technical support between $87 and $80. Robinhood's fundamentals are also firing. In the fourth quarter of 2024, crypto became Robinhood&#8217;s top revenue source, generating $358 million in transaction revenue &#8211; a 733% year-over-year increase &#8211; driven by a 455% surge in trading volume. It accounted for over 35% of the company's total net revenue.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/06/45951088/robinhood-is-trending-again-is-the-meme%E2%80%91stock-favorite-gearing-up-for-a-breakout">Robinhood Is Trending Again: Is The Meme‑Stock Favorite Gearing Up For A Breakout?</a>
<h2 class="wp-block-heading">PARC Peers: Slowing Momentum</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0715"><img loading="lazy" decoding="async" width="627" height="485" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15073957/Screenshot-2025-07-15-at-4.37.17-PM.png" alt="" class="wp-image-985753" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15073957/Screenshot-2025-07-15-at-4.37.17-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15073957/Screenshot-2025-07-15-at-4.37.17-PM-300x232.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0715">Chart created using Benzinga Pro</a>
Palantir is up 98% YTD, buoyed by AI-driven government contracts. But its RSI has cooled to 63.84, and it's now hovering just above its eight-day SMA ($142.33), showing signs of consolidation near resistance at $150.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0715"><img loading="lazy" decoding="async" width="627" height="485" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15074858/Screenshot-2025-07-15-at-4.37.30-PM.png" alt="" class="wp-image-985767" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15074858/Screenshot-2025-07-15-at-4.37.30-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15074858/Screenshot-2025-07-15-at-4.37.30-PM-300x232.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0715">Chart created using Benzinga Pro</a>
AppLovin is the surprise underperformer—up just 4.1% YTD. While the stock has broken above its eight-day and 20-day SMAs, its RSI at 52.19 shows waning momentum. The ad tech rally looks like yesterday's news.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0715"><img loading="lazy" decoding="async" width="627" height="485" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15075003/Screenshot-2025-07-15-at-4.37.41-PM.png" alt="" class="wp-image-985773" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15075003/Screenshot-2025-07-15-at-4.37.41-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15075003/Screenshot-2025-07-15-at-4.37.41-PM-300x232.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0715">Chart created using Benzinga Pro</a>
Coinbase has posted a respectable 53% YTD gain, with a strong MACD of 32.62 and a relatively hot RSI of 74.33. However, it remains highly correlated with Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) swings, lacking the diversified retail driver of Robinhood. While COIN trades above all major moving averages, its setup isn't as clean.
<h2 class="wp-block-heading">Verdict: Robinhood Rules The PARC Pack</h2>
Cramer may have given all four names a shoutout, but Robinhood is stealing the technical spotlight. With momentum, volume and fundamentals aligned, it's the only PARC stock knocking on breakout territory while the rest play catch-up.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46262055/greed-mode-on-why-tesla-nvidia-palantir-and-bitcoin-plays-could-rip">Greed Mode On: Why Tesla, Nvidia, Palantir And Bitcoin Plays Could Rip</a></li>
</ul>
Photo: Shutterstock

Technicals

Tech

Trading Ideas

$BTC

COIN

HOOD

PLTR

Cramer's PARC Playbook: Robinhood's Breakout Potential Outshines The Meme Stock Pack

Renowned TV host Jim Cramer is stirring chatter on X with another buzzworthy &#8220;meme stock&#8221; acronym, aimed at a new group of retail-favorite stocks that are defying gravity.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/PLTR" target="_blank" rel="noreferrer noopener">PLTR stock here.</a>
What Happened: On Monday, in a post on X, Cramer wrote, &#8220;A new acronym for the meme stocks that just won't quit!!! PARC!,&#8221; referring to Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
All four companies are notable for their social media-fueled momentum, high levels of retail participation, and volatility, which has earned them the <a href="https://www.benzinga.com/pro/blog/what-are-meme-stocks">&#8220;meme stock&#8221; moniker</a>.
Palantir provides AI and data analytics applications for governments and commercial applications, and has seen strong momentum in recent years. AppLovin, on the other hand, is a mobile advertising platform and a game publisher that has seen a sharp rally since mid-last year.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A new acronym for the meme stocks that just won't quit!!! PARC! <a href="https://t.co/m3HmDYDxup">pic.twitter.com/m3HmDYDxup</a>
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944879501931880861?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trading platform Robinhood was at the center of the retail trading boom during 2020-21, and continues to remain popular among young investors and traders. Coinbase, the largest U.S.-based crypto exchange, is similarly being fueled by renewed <a href="https://www.benzinga.com/news/events/24/11/42073346/exclusive-retail-investors-are-taking-on-more-risk-and-finding-success-is-crypto-acting-as-a-gateway-trade">retail risk appetite</a> for digital assets.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">Year-To-Date</td>
<td class="has-text-align-center" data-align="center">5-Year</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td class="has-text-align-center" data-align="center">+98.36%</td>
<td class="has-text-align-center" data-align="center">+1,521.20%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>)</td>
<td class="has-text-align-center" data-align="center">+4.13%</td>
<td class="has-text-align-center" data-align="center">+483.44%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td class="has-text-align-center" data-align="center">+153.45%</td>
<td class="has-text-align-center" data-align="center">+184.38%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td class="has-text-align-center" data-align="center">+53.19%</td>
<td class="has-text-align-center" data-align="center">+15.21%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Ark Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>)</td>
<td class="has-text-align-center" data-align="center">+29.46%</td>
<td class="has-text-align-center" data-align="center">-8.70%</td>
</tr>
</tbody>
</table>
</figure>
Earlier in the day, Cramer asked his followers on X to choose between PARC and CARP for the new acronym, before leaning towards PARC on CNBC&#8217;s Mad Money.
Cramer&#8217;s new acronym, however, drew mixed reactions online. When he asked for suggestions from his followers, several users suggested &#8220;CRAP&#8221; over &#8220;PARC&#8221; or &#8220;CARP,&#8221; citing the high valuations of these companies. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">New meme acronym: PARC&#8211; Palantir, Applovin, Robinhood and Coinbase (PARC)v Coinbase, Applovin, Robinhood, Palantir (CARP) which should it be?? <a href="https://twitter.com/SquawkStreet?ref_src=twsrc%5Etfw">@SquawkStreet</a> .
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944735366616932690?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This isn't the first time Cramer has packaged market favorites into catchy acronyms. In the past, he <a href="https://www.benzinga.com/news/21/10/23745812/heres-the-new-acronym-from-jim-cramer-replacing-faang">popularized the term</a> &#8220;FANG&#8221; for Facebook, Amazon, Netflix and Google, which eventually evolved into &#8220;FAANG&#8221; to include Apple. 
Over the years, this acronym has given rise to several ETFs that aim to provide investors with exposure to the group, and the term has since become synonymous with &#8220;big tech.&#8221;
Early this month, Cramer split the FAANG to just &#8220;M-N-Ms,&#8221; referring to Microsoft, Nvidia and Meta Platforms, which have <a href="https://www.benzinga.com/markets/tech/25/07/46240154/not-fang-not-magnificent-seven-just-m-n-ms-jim-cramer-floats-new-tech-acronym-for-these-stocks-that-outpaced-peers">significantly outperformed</a> their &#8220;Magnificent Seven&#8221; counterparts during the year.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM-1024x146.png" alt="" class="wp-image-984936" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Palantir leads the charge among its PARC peers with a market cap of $351 billion, and according to Benzinga&#8217;s Edge Stock Rankings, it has strong momentum, with a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to see how it compares with Applovin, which ranks a distant second.
Photo courtesy: katz / Shutterstock.com

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

ARKK

Jim Cramer Made 'FAANG' Popular, Now He Says There's A New Acronym To Describe These Retail Favorite Stocks — 'PARC'

The Trade Desk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) shares are surging in Monday&#8217;s after-hours session after the company was selected to <a href="https://www.benzinga.com/quote/TTD">join the S&amp;P 500</a>.
What Happened: After the market close on Monday, S&amp;P Dow Jones Indices announced that The Trade Desk will replace ANSYS Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) in the S&amp;P 500, effective prior to the market open on July 18.
The index adjustment comes as Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) is expected to complete its acquisition of Ansys on July 17.
The Trade Desk offers a self-service, cloud-based platform for buyers of digital advertising.
Shares of Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) are moving lower in Monday&#8217;s after-hours session as the companies had been thought to be strong contenders for potential S&amp;P 500 inclusion. Robinhood stock was down about 1% and AppLovin shares were down about 2.5% at the time of writing.
Robinhood and AppLovin shares also <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46236303/datadog-stock-surges-on-sp-500-inclusion">moved lower</a> at the beginning of July after Datadog was selected to replace&nbsp;Juniper Networks&nbsp;in the S&amp;P 500.
TTD Price Action: The Trade Desk shares were up 14.23% in after-hours, trading at $86.67 at the time of publication Monday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46402633/sp500-record-highs-narrow-breadth-2025">S&amp;P 500 Record Highs Hide A Fracture Unseen In Decades</a></li>
</ul>
Photo: Shutterstock.

After-Hours Center

ANSS

SNPS

The Trade Desk Stock Surges On S&P 500 Inclusion — Robinhood, AppLovin Shares Slide

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$162.50</td>
<td>$60.7K</td>
<td>25.7K</td>
<td>36.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$147.00</td>
<td>$66.8K</td>
<td>14.0K</td>
<td>26.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$460.00</td>
<td>$95.1K</td>
<td>21.4K</td>
<td>20.9K</td>
</tr>
<tr>
<td>SQNS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.00</td>
<td>$28.1K</td>
<td>13.6K</td>
<td>3.1K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$61.0K</td>
<td>5.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>BTBT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$2.50</td>
<td>$30.0K</td>
<td>14.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CRCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$200.00</td>
<td>$27.2K</td>
<td>2.3K</td>
<td>817</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$370.00</td>
<td>$44.8K</td>
<td>317</td>
<td>643</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$960.00</td>
<td>$141.4K</td>
<td>2</td>
<td>475</td>
</tr>
<tr>
<td>KODK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$5.00</td>
<td>$48.0K</td>
<td>1.9K</td>
<td>448</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 18, 2025. This event was a transfer of 150 contract(s) at a $162.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $60.7K, with a price of $405.0 per contract. There were 25759 open contracts at this strike prior to today, and today 36075 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $147.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $66.8K, with a price of $333.0 per contract. There were 14021 open contracts at this strike prior to today, and today 26708 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on July 18, 2025. Parties traded 158 contract(s) at a $460.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $95.1K, with a price of $595.0 per contract. There were 21406 open contracts at this strike prior to today, and today 20995 contract(s) were bought and sold. 
• For SQNS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>), we notice a call option trade that happens to be bullish, expiring in 186 day(s) on January 16, 2026. This event was a transfer of 100 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $281.0 per contract. There were 13668 open contracts at this strike prior to today, and today 3174 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a put option sweep that happens to be bullish, expiring in 186 day(s) on January 16, 2026. This event was a transfer of 66 contract(s) at a $110.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $61.0K, with a price of $925.0 per contract. There were 5065 open contracts at this strike prior to today, and today 1759 contract(s) were bought and sold. 
• For BTBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>), we notice a call option trade that happens to be bullish, expiring in 32 day(s) on August 15, 2025. This event was a transfer of 300 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $100.0 per contract. There were 14298 open contracts at this strike prior to today, and today 1294 contract(s) were bought and sold. 
• For CRCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), we notice a put option trade that happens to be neutral, expiring in 4 day(s) on July 18, 2025. This event was a transfer of 31 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $880.0 per contract. There were 2300 open contracts at this strike prior to today, and today 817 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on July 25, 2025. Parties traded 40 contract(s) at a $370.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $44.8K, with a price of $1120.0 per contract. There were 317 open contracts at this strike prior to today, and today 643 contract(s) were bought and sold. 
• For NOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), we notice a call option sweep that happens to be bullish, expiring in 158 day(s) on December 19, 2025. This event was a transfer of 14 contract(s) at a $960.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $141.4K, with a price of $10100.0 per contract. There were 2 open contracts at this strike prior to today, and today 475 contract(s) were bought and sold. 
• Regarding KODK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KODK#NYSE">KODK</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $240.0 per contract. There were 1975 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BTBT

CRCL

KODK

MSTR

NVDA

SQNS

10 Information Technology Stocks Whale Activity In Today's Session

An official report on July 10, 2025 reveals Representative Gilbert Ray Cisneros's recent sale of SpringWorks Therapeutics Inc Ordinary Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWTX#NASDAQ">SWTX</a>) stock, valued between $28,014 and $245,000. The transaction took place on July 1, 2025, as per the July filing.
At this time, SpringWorks Therapeutics Inc Ordinary Shares shares are trading down 0.02% at $46.98.
<h3>Representative's Recent Trading Activity</h3>
Over the past three years, Gilbert Ray Cisneros executed 249 trades totaling over $2.50 million. The largest of these trades were in Hawaiian Electric Indus and Aris Water Solutions stock. Some of the key transactions the Rep. has executed recently include: 
<ul>
<li>SpringWorks Therapeutics Inc Ordinary Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWTX#NASDAQ">SWTX</a>): $15,001 - $50,000 Sale</li>
<li>CoStar Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>): $15,001 - $50,000 Purchase</li>
<li>AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): $1,001 - $15,000 Purchase</li>
</ul>
Here is a list of Gilbert Ray Cisneros's most recent trades:
<table>
<thead>
<tr>
<th>Company</th>
<th>Ticker</th>
<th>Stock Type</th>
<th>Amount</th>
<th>Transaction Type</th>
<th>Transaction Date</th>
</tr>
</thead>
<tbody>
<tr>
<td>AppLovin</td>
<td>APP</td>
<td>STOCK</td>
<td>$1,001 - $15,000</td>
<td>P</td>
<td>2025-07-01</td>
</tr>
<tr>
<td>SpringWorks Therapeutics Inc Ordinary Shares</td>
<td>SWTX</td>
<td>STOCK</td>
<td>$15,001 - $50,000</td>
<td>S</td>
<td>2025-07-01</td>
</tr>
<tr>
<td>Amdocs</td>
<td>DOX</td>
<td>STOCK</td>
<td>$1,001 - $15,000</td>
<td>S (Partial)</td>
<td>2025-06-30</td>
</tr>
<tr>
<td>CoStar Group</td>
<td>CSGP</td>
<td>STOCK</td>
<td>$1,001 - $15,000</td>
<td>P</td>
<td>2025-06-30</td>
</tr>
<tr>
<td>ASML Holding</td>
<td>ASML</td>
<td>STOCK</td>
<td>$1,001 - $15,000</td>
<td>S</td>
<td>2025-06-27</td>
</tr>
</tbody>
</table>
To stay updated on Gilbert Ray Cisneros's trades and other congressional trades, try our <a href="https://www.benzinga.com/gov-trades/members/gilbert-ray-cisneros">government trades tool</a> for live updates!
<h3>The Importance of Congressional Transactions</h3>
A congressional transaction is when any representative or senator either buys or sells an individual stock.
Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.
<h3>The Importance of Congressional Transactions</h3>
Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.
When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Government

Politics

General

CSGP

SWTX

California Rep. Gilbert Ray Cisneros Sold Over $28K Worth of SpringWorks Therapeutics Inc Ordinary Shares Stock: Here's What You Should Know

AppLovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock is up 6% this week after Scotiabank initiated coverage on the stock with a Sector Outperform rating and a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46295638/applovin-stock-is-rising-tuesday-whats-going-on">price target of $430</a>.
What To Know: Scotiabank analyst Nat Schindler pointed to three key reasons for the bullish rating. First, AppLovin&#8217;s AXON engine is being viewed as a "vast moat to cross for new entrants."
AXON is an AI-powered engine trained on more than $10 billion in historical ad spend. Specifically, the engine continuously optimizes real-time ad placement by learning from engagement signals and sales flow.
The analyst noted that AppLovin also recently opened its network to smaller companies, creating additional revenue opportunities. The move has already sparked a material increase in brand participation, as advertisers shift budgets from traditional paid social platforms to AppLovin in search of better ROI.
&#8220;With continued rollout, e-commerce could become the next $1 billion+ total addressable market for APP, acting as a second core revenue vertical after gaming,&#8221; Schindler said.
Lastly, the analyst pointed out that the company's reliance on rich first-party data and a broad on-device footprint through its SDK network helps shield it from regulatory risks. This positions AppLovin to thrive despite privacy regulations.
&#8220;AppLovin looks expensive on sales, but on EBITDA, we believe there is plenty of further upside to share prices, especially as APP fundamentally reshapes the landscape of performance advertising,&#8221; the Scotiabank analyst said.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46326271/nvidia-breaks-4-trillion-barrier-benzinga-poll-predicted-it-first">Nvidia Breaks $4 Trillion Barrier—Benzinga Poll Predicted It First</a>
APP Price Action: At the time of writing, AppLovin stock is trading 2.87% higher at $354.63, according to data from <a href="https://www.benzinga.com/pro/login">Benzinga Pro</a>.
Image via Shutterstock

What's Going On With AppLovin Stock This Week?

WIIM

Applovin shares are trading higher after Scotiabank initiated coverage on the stock with an Outperform rating and announced a price target of $430.

In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) in comparison to its major competitors within the Software industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is to provide valuable insights for investors and offer a deeper understanding of company's performance in the industry.
<h3>AppLovin Background</h3>
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max, and gaming studios, which develop mobile games. AppLovin announced in February 2025 its plans to divest from the lower-margin gaming studios to focus exclusively on the ad tech platform. AppLovin's primary tool for future growth is Axon 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>AppLovin Corp</td>
<td>62.39</td>
<td>202.88</td>
<td>23.30</td>
<td>69.21%</td>
<td>$0.75</td>
<td>$1.21</td>
<td>40.25%</td>
</tr>
<tr>
<td>SAP SE</td>
<td>53.27</td>
<td>6.62</td>
<td>8.73</td>
<td>3.91%</td>
<td>$3.1</td>
<td>$6.61</td>
<td>12.09%</td>
</tr>
<tr>
<td>Palantir Technologies Inc</td>
<td>604.87</td>
<td>60.53</td>
<td>111.16</td>
<td>4.11%</td>
<td>$0.18</td>
<td>$0.71</td>
<td>39.34%</td>
</tr>
<tr>
<td>Salesforce Inc</td>
<td>42.22</td>
<td>4.25</td>
<td>6.78</td>
<td>2.53%</td>
<td>$2.82</td>
<td>$7.56</td>
<td>7.62%</td>
</tr>
<tr>
<td>Intuit Inc</td>
<td>63.97</td>
<td>10.86</td>
<td>12.21</td>
<td>14.81%</td>
<td>$3.95</td>
<td>$6.56</td>
<td>15.1%</td>
</tr>
<tr>
<td>Adobe Inc</td>
<td>24.15</td>
<td>13.97</td>
<td>7.32</td>
<td>13.78%</td>
<td>$2.38</td>
<td>$5.24</td>
<td>10.62%</td>
</tr>
<tr>
<td>Cadence Design Systems Inc</td>
<td>81.29</td>
<td>18.31</td>
<td>17.99</td>
<td>5.79%</td>
<td>$0.44</td>
<td>$1.08</td>
<td>23.12%</td>
</tr>
<tr>
<td>Synopsys Inc</td>
<td>62.03</td>
<td>8.40</td>
<td>13.47</td>
<td>3.59%</td>
<td>$0.54</td>
<td>$1.29</td>
<td>10.28%</td>
</tr>
<tr>
<td>Autodesk Inc</td>
<td>67.66</td>
<td>25.78</td>
<td>10.77</td>
<td>5.8%</td>
<td>$0.28</td>
<td>$1.47</td>
<td>15.24%</td>
</tr>
<tr>
<td>Workday Inc</td>
<td>134.01</td>
<td>7.21</td>
<td>7.47</td>
<td>0.76%</td>
<td>$0.22</td>
<td>$1.7</td>
<td>12.56%</td>
</tr>
<tr>
<td>Roper Technologies Inc</td>
<td>40.81</td>
<td>3.17</td>
<td>8.45</td>
<td>1.74%</td>
<td>$0.69</td>
<td>$1.29</td>
<td>12.02%</td>
</tr>
<tr>
<td>Datadog Inc</td>
<td>324.28</td>
<td>18.05</td>
<td>19.38</td>
<td>0.88%</td>
<td>$0.04</td>
<td>$0.6</td>
<td>24.59%</td>
</tr>
<tr>
<td>Ansys Inc</td>
<td>53.87</td>
<td>5.17</td>
<td>12.37</td>
<td>0.85%</td>
<td>$0.11</td>
<td>$0.43</td>
<td>8.21%</td>
</tr>
<tr>
<td>Tyler Technologies Inc</td>
<td>88.94</td>
<td>7.24</td>
<td>11.77</td>
<td>2.35%</td>
<td>$0.13</td>
<td>$0.27</td>
<td>10.31%</td>
</tr>
<tr>
<td>Zoom Communications Inc</td>
<td>23.17</td>
<td>2.62</td>
<td>5.16</td>
<td>2.85%</td>
<td>$0.28</td>
<td>$0.9</td>
<td>2.93%</td>
</tr>
<tr>
<td>PTC Inc</td>
<td>48.03</td>
<td>6.19</td>
<td>9.01</td>
<td>4.92%</td>
<td>$0.26</td>
<td>$0.53</td>
<td>5.52%</td>
</tr>
<tr>
<td>Guidewire Software Inc</td>
<td>556.17</td>
<td>14.43</td>
<td>17.45</td>
<td>3.5%</td>
<td>$0.06</td>
<td>$0.18</td>
<td>21.95%</td>
</tr>
<tr>
<td>Dynatrace Inc</td>
<td>35.62</td>
<td>6.48</td>
<td>10.12</td>
<td>1.52%</td>
<td>$0.05</td>
<td>$0.36</td>
<td>16.89%</td>
</tr>
<tr>
<td>Bentley Systems Inc</td>
<td>71.17</td>
<td>15.34</td>
<td>13.37</td>
<td>8.54%</td>
<td>$0.13</td>
<td>$0.3</td>
<td>9.7%</td>
</tr>
<tr>
<td>Docusign Inc</td>
<td>14.76</td>
<td>7.79</td>
<td>5.41</td>
<td>3.59%</td>
<td>$0.1</td>
<td>$0.61</td>
<td>7.61%</td>
</tr>
<tr>
<td>Average</td>
<td>125.8</td>
<td>12.76</td>
<td>16.23</td>
<td>4.52%</td>
<td>$0.83</td>
<td>$1.98</td>
<td>13.98%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style>By conducting an in-depth analysis of AppLovin, we can identify the following trends: 
<ul>
<li>
A Price to Earnings ratio of 62.39 significantly below the industry average by 0.5x suggests undervaluation. This can make the stock appealing for those seeking growth.
</li>
<li>
It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of 202.88 which exceeds the industry average by 15.9x.
</li>
<li>
The Price to Sales ratio of 23.3, which is 1.44x the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.
</li>
<li>
The company has a higher Return on Equity (ROE) of 69.21%, which is 64.69% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.
</li>
<li>
The company has lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $750 Million, which is 0.9x below the industry average. This potentially indicates lower profitability or financial challenges.
</li>
<li>
With lower gross profit of $1.21 Billion, which indicates 0.61x below the industry average, the company may experience lower revenue after accounting for production costs.
</li>
<li>
With a revenue growth of 40.25%, which surpasses the industry average of 13.98%, the company is demonstrating robust sales expansion and gaining market share.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751987008_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a measure that indicates the level of debt a company has taken on relative to the value of its assets net of liabilities.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When assessing AppLovin against its top 4 peers using the Debt-to-Equity ratio, the following comparisons can be made:
<ul>
<li>
AppLovin has a higher debt-to-equity ratio of 6.45 compared to its top 4 peers.
</li>
<li>
This indicates a higher level of financial risk as the company relies more heavily on borrowed funds. Investors may perceive this as a potential concern.
</li>
</ul>
<h3>Key Takeaways</h3>
For AppLovin in the Software industry, the PE ratio is low compared to peers, indicating potential undervaluation. The high PB and PS ratios suggest strong market sentiment and revenue multiples. AppLovin's high ROE and revenue growth outperform peers, while low EBITDA and gross profit may indicate operational challenges. Overall, AppLovin shows promising growth potential but faces profitability concerns relative to industry peers.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing AppLovin's Performance Against Competitors In Software Industry

Scotiabank analyst Nat Schindler initiates coverage on AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Sector Outperform rating and announces Price Target of $430.

Price Target

Initiation

Analyst Ratings

Scotiabank Initiates Coverage On AppLovin with Sector Outperform Rating, Announces Price Target of $430

AppLovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares are moving higher Tuesday. The company&#8217;s subsidiary Wurl announced a collaboration with Amazon&#8217;s Prime Video. Here&#8217;s what you <a href="https://www.benzinga.com/quote/APP/analyst-ratings">need to know</a>.
What To Know: Wurl on Tuesday said it teamed up with Prime Video to support the portfolio of live TV channels available for Prime members in Germany, helping with the launch of the Prime channel. 
The new live TV channel will leverage Wurl&#8217;s Global FAST Pass solution for the launch and focus on premium Prime Video entertainment. Wurl will also help Prime Video monetize its channel and access data to help the company better understand and retain viewers. 
"Prime Video is leading the way in helping to accelerate the industry by bringing premium live entertainment content to audiences – and we're thrilled to be working alongside them to make that happen,&#8221; said Keith Bedford, General Manager, EMEA at Wurl. 
AppLovin shares also appear to be getting a boost on Tuesday from positive <a href="https://www.benzinga.com/analyst-stock-ratings">analyst coverage</a> from Scotiabank. 
Scotiabank analyst Nat Schindler initiated coverage on AppLovin with a Sector Outperform rating and set a price target of&nbsp;$430 late Monday. The analyst highlighted three main points driving the initiation, including the company&#8217;s AXON engine, AppLovin&#8217;s expansion to smaller brands and its first-party data and on-device footprint through its software development kit. 
Schindler said the company is positioned to become an &#8220;indispensable&#8221; infrastructure layer for digital marketing through performance advertising, adding that AppLovin is an &#8220;at-scale walled garden&#8221; for in-app ads, which gives the company pricing power.
&#8220;Seldom does a company come around that operates in such rarefied air that not only has it blown through the Rule of 40 into the triple digits (EBITDA margin plus revenue growth), but the number keeps growing as the company gets more efficient,&#8221; the Scotiabank analyst wrote in the note. 
AppLovin has a Street-high target of $650 and is well off its 52-week highs of $525.15, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company has been <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45910389/short-seller-says-applovin-is-desperate-and-doomed-shares-slide">targeted</a> by multiple short sellers this year. 
APP Price Action: <a href="http://benzinga.com/quote/APP">AppLovin shares</a> were up 2.55% at $353.80 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/large-cap/25/07/46247962/21-billion-in-4-days-amazon-prime-day-set-to-go-beast-mode-and-its-stock-might-join-the-party">$21 Billion In 4 Days? Amazon Prime Day Set To Go Beast Mode—And Its Stock Might Join the Party</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/initiation/25/07/46294493/this-circle-internet-analyst-begins-coverage-on-a-bearish-note-here-are-top-5-initiations-for-tuesday">This Circle Internet Analyst Begins Coverage On A Bearish Note; Here Are Top 5 Initiations For Tuesday</a></li>
</ul>
Photo: Shutterstock.

AppLovin Stock Is Rising Tuesday: What's Going On?

<a href="https://www.businessinsider.com/tiktok-owner-bytedance-plans-create-a-us-version-of-capcut-2025-7?utm_campaign=business-sf&amp;utm_source=twitter&amp;utm_medium=social">https://www.businessinsider.com/tiktok-owner-bytedance-plans-create-a-us-version-of-capcut-2025-7?utm_campaign=business-sf&amp;utm_source=twitter&amp;utm_medium=social</a>

AMZN

ORCL

PINS

SNAP

'TikTok's owner has plans to move US users to a new version of CapCut, the popular video-editing app'- Business Insider

Datadog Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) shares are trading higher in Wednesday&#8217;s after-hours session after it was announced the company will <a href="https://www.benzinga.com/topic/s-p-500-index">join the S&amp;P 500</a>.
What Happened: After market close on Wednesday, S&amp;P Dow Jones Indices announced that Datadog will replace Juniper Networks in the S&amp;P 500, effective prior to the market open on July 9.
The shakeup comes after Hewlett Packard Enterprise completed its <a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46172737/hpe-just-dodged-a-doj-roadblock-now-its-all-in-on-juniper-and-ai">acquisition</a> of Juniper on Wednesday. 
Datadog operates a monitoring and security platform for cloud applications.
Shares of Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), AppLovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), Interactive Brokers Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) and Carvana Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) were all trading lower at last check as they had been considered strong candidates for potential S&amp;P 500 inclusion. 
Robinhood shares were hit the hardest, last down about 2.3% in after-hours after climbing to new <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46225339/robinhood-stock-surges-to-all-time-high-on-aggressive-crypto-expansion-whats-going-on">all-time highs</a> in Wednesday&#8217;s regular session.
DDOG Price Action: <a href="http://benzinga.com/quote/DDOG">Datadog shares</a> were up 9.40% in extended trading on Wednesday, trading at $147.70 at the time of publication, per<a href="http://pro.benzinga.com"> Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46189081/what-are-stock-tokens-and-how-to-trade-them-robinhoods-new-offering-merges-owning-stocks-with-blockchain-tech-heres-how-it-works">What Are Stock Tokens And How To Trade Them? Robinhood&#8217;s New Offering Merges Owning Stocks With Blockchain Tech: Here&#8217;s How It Works</a></li>
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Photo: Shutterstock.

CVNA

DDOG

IBKR

Datadog Stock Surges On S&P 500 Inclusion

Applovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock is about 30% over the past three months. Here&#8217;s what you <a href="https://www.benzinga.com//node/46076477">need to know</a>.
What To Know: In May, the company reported better-than-expected earnings. Applovin reported earnings per share of $1.67, beating the consensus estimate of $1.45. In addition, the company reported sales of $1.48 billion, beating the consensus estimate of $1.38 billion.
It detailed its sales even further, reporting advertising revenue of $1.15 billion, representing a 71% year-over-year climb and apps revenue of $325 million, representing a 14% fall year-over-year.
It reported net cash from operating activities of $832 million and free cash flow of $826 million.
Following the <a href="https://www.benzinga.com//node/45289648">earnings report</a>, multiple analysts issued price target adjustments.
<ul class="wp-block-list">
<li>UBS analyst John Hodulik maintained a Buy rating on AppLovin and raised the price target from&nbsp;$450&nbsp;to&nbsp;$475.</li>
<li>JP Morgan analyst Cory Carpenter maintained a Neutral rating on AppLovin and raised the price target from&nbsp;$270&nbsp;to&nbsp;$355.</li>
<li>Jefferies analyst James Heaney maintained a Buy rating on AppLovin and raised the price target from&nbsp;$460&nbsp;to&nbsp;$530.</li>
<li>Morgan Stanley analyst Matthew Cost maintained an Overweight rating on AppLovin and raised the price target from&nbsp;$350&nbsp;to&nbsp;$420.</li>
</ul>
Last week, Piper Sandler analyst James Callahan reiterated an Overweight rating on AppLovin and raised the price target from&nbsp;$455&nbsp;to&nbsp;$470.
The consensus price target for Applovin is $328.68 with the lowest price target at $53.20 and the highest price target at $650.
See Also: <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46176636/tesla-has-the-robot-and-the-customer-dave-mazzas-humn-etf-makes-a-calculated-bet-on-optimus">&#8216;Tesla Has The Robot And The Customer&#8217;: Dave Mazza&#8217;s HUMN ETF Makes A Calculated Bet On Optimus</a>
APP Price Action: At the time of writing, Applovin stock is trading 4.01% higher at $347.15, according to data from <a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.benzinga.com/pro/&amp;ved=2ahUKEwjliKyC25mOAxVaD1kFHc8zL8IQFnoECCMQAQ&amp;usg=AOvVaw0xIsPvjIcIIsWev01-6zR2">Benzinga Pro.</a>
Image via Shutterstock

Applovin Stock Has Risen Over The Past Three Months: What's Going On?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$155.00</td>
<td>$98.4K</td>
<td>62.1K</td>
<td>41.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/03/25</td>
<td>$148.00</td>
<td>$26.4K</td>
<td>978</td>
<td>9.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$205.00</td>
<td>$29.9K</td>
<td>37.9K</td>
<td>8.0K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$245.00</td>
<td>$78.6K</td>
<td>8</td>
<td>4.9K</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$160.00</td>
<td>$331.2K</td>
<td>3.4K</td>
<td>2.6K</td>
</tr>
<tr>
<td>WULF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$6.00</td>
<td>$52.5K</td>
<td>7.6K</td>
<td>2.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$380.00</td>
<td>$36.5K</td>
<td>2.9K</td>
<td>2.1K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$400.00</td>
<td>$38.0K</td>
<td>4.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$18.50</td>
<td>$27.0K</td>
<td>120</td>
<td>726</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$200.00</td>
<td>$83.6K</td>
<td>779</td>
<td>588</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 6 day(s) on July 3, 2025. Parties traded 248 contract(s) at a $155.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $98.4K, with a price of $397.0 per contract. There were 62117 open contracts at this strike prior to today, and today 41889 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with neutral sentiment. It expires in 6 day(s) on July 3, 2025. Parties traded 200 contract(s) at a $148.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $132.0 per contract. There were 978 open contracts at this strike prior to today, and today 9434 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on July 18, 2025. Parties traded 86 contract(s) at a $205.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $348.0 per contract. There were 37959 open contracts at this strike prior to today, and today 8001 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on July 18, 2025. This event was a transfer of 4913 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $78.6K, with a price of $16.0 per contract. There were 8 open contracts at this strike prior to today, and today 4913 contract(s) were bought and sold. 
• Regarding FSLR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on July 18, 2025. Parties traded 433 contract(s) at a $160.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $331.2K, with a price of $759.0 per contract. There were 3422 open contracts at this strike prior to today, and today 2661 contract(s) were bought and sold. 
• Regarding WULF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), we observe a call option trade with bullish sentiment. It expires in 49 day(s) on August 15, 2025. Parties traded 2100 contract(s) at a $6.00 strike. The total cost received by the writing party (or parties) was $52.5K, with a price of $25.0 per contract. There were 7686 open contracts at this strike prior to today, and today 2379 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option sweep with neutral sentiment. It expires in 49 day(s) on August 15, 2025. Parties traded 17 contract(s) at a $380.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $2152.0 per contract. There were 2903 open contracts at this strike prior to today, and today 2195 contract(s) were bought and sold. 
• For APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we notice a call option trade that happens to be neutral, expiring in 21 day(s) on July 18, 2025. This event was a transfer of 100 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $380.0 per contract. There were 4230 open contracts at this strike prior to today, and today 1056 contract(s) were bought and sold. 
• For QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on July 11, 2025. This event was a transfer of 300 contract(s) at a $18.50 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $90.0 per contract. There were 120 open contracts at this strike prior to today, and today 726 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a put option sweep with bullish sentiment. It expires in 203 day(s) on January 16, 2026. Parties traded 53 contract(s) at a $200.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $83.6K, with a price of $1580.0 per contract. There were 779 open contracts at this strike prior to today, and today 588 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

FSLR

QUBT

SNOW

WULF

10 Information Technology Stocks With Whale Alerts In Today's Session

Piper Sandler analyst James Callahan reiterates AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Overweight and raises the price target from $455 to $470.

Reiteration

Piper Sandler Reiterates Overweight on AppLovin, Raises Price Target to $470

During the last three months, 17 analysts shared their evaluations of AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">8</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for AppLovin, presenting an average target of $422.12, a high estimate of $530.00, and a low estimate of $270.00. Experiencing a 7.09% decline, the current average is now lower than the previous average price target of $454.35. 
<img src="https://www.benzinga.com/files/images/story/2025/1750939243_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive AppLovin. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Cost</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$460.00</td>
<td>$420.00</td>
</tr>
<tr>
<td>Cory Carpenter</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$400.00</td>
<td>$355.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$435.00</td>
<td>$335.00</td>
</tr>
<tr>
<td>John Hodulik</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$475.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>James Callahan</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$455.00</td>
<td>$425.00</td>
</tr>
<tr>
<td>Cory Carpenter</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$355.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>James Heaney</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$530.00</td>
<td>$460.00</td>
</tr>
<tr>
<td>Matthew Cost</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$420.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Martin Yang</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$500.00</td>
<td>$560.00</td>
</tr>
<tr>
<td>Alec Brondolo</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$405.00</td>
<td>$386.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$525.00</td>
<td>$525.00</td>
</tr>
<tr>
<td>Cory Carpenter</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$270.00</td>
<td>$475.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$335.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>John Hodulik</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$450.00</td>
<td>$630.00</td>
</tr>
<tr>
<td>James Callahan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$425.00</td>
<td>$575.00</td>
</tr>
<tr>
<td>Matthew Cost</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$350.00</td>
<td>$470.00</td>
</tr>
<tr>
<td>Alec Brondolo</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$386.00</td>
<td>$538.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to AppLovin. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AppLovin compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of AppLovin's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of AppLovin's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/APP/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on AppLovin analyst ratings.</a>
<h2>Delving into AppLovin's Background</h2>
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max, and gaming studios, which develop mobile games. AppLovin announced in February 2025 its plans to divest from the lower-margin gaming studios to focus exclusively on the ad tech platform. AppLovin's primary tool for future growth is Axon 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
<h3>Unraveling the Financial Story of AppLovin</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: AppLovin's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 40.25%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: AppLovin's net margin excels beyond industry benchmarks, reaching 38.83%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 69.21%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): AppLovin's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 9.96%, the company showcases efficient use of assets and strong financial health.
Debt Management: AppLovin's debt-to-equity ratio stands notably higher than the industry average, reaching 6.45. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 17 Analyst Projections For AppLovin

Needham analyst Bernie McTernan reiterates AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) from Hold to Hold.

Needham Reiterates Hold on AppLovinto Hold

Tradr ETFs is doubling down, literally, on the quantum theme. On Tuesday, the company rolled out two new daily single-stock <a href="https://www.benzinga.com/etfs">leveraged ETFs</a>: the Tradr 2X Long QUBT Daily ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/QUBX#BATS">QUBX</a>) and the Tradr 2X Long RGTI Daily ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/RGTU#BATS">RGTU</a>). 
These products are designed to provide 200% of the daily performance of Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) and Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), respectively.
The launches bring Tradr&#8217;s leveraged ETF portfolio to 14 funds and cements its status as a first-mover in quantum-themed ETFs. 
Speaking to Benzinga in an interview, Matt Markiewicz, head of Product and Capital Markets at Tradr, stated: &#8220;There are only several pure-play publicly traded quantum stocks out there, so investor attention is very focused on a handful of narratives right now.&#8221;
These new ETFs follow the success of the company&#8217;s leveraged D-Wave Quantum ETF, the Tradr 2X Long QBTS Daily ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/QBTX#BATS">QBTX</a>), launched on April 25, which now boasts an average daily turnover of&nbsp;$32.5 million as of&nbsp;June 17. 
Since late April, Tradr ETFs has rolled out five 2X long leveraged ETFs on other compelling single stocks, including Tempus AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), AppLovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), D-Wave Quantum Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) and Upstart Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>). 
As of&nbsp;June 17, the collective assets under management of those five ETFs, namely Tradr 2X Long QBTS Daily ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/TEMT#BATS">TEMT</a>) , Tradr 2X Long APP Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPX#NASDAQ">APPX</a>), Tradr 2X Long QBTS Daily ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/QBTX#BATS">QBTX</a>), Tradr 2X Long QBTS Daily ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARCX#BATS">ARCX</a>) and Tradr 2X Long QBTS Daily ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/UPSX#BATS">UPSX</a>), stands at&nbsp;$110 million.
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/06/46078207/blackrock-launch-ishares-texn-etf-texas-based-stocks">BlackRock Debuts iShares TEXN ETF For Retail Investors Eyeing Texas-Based Stocks</a>
<h1 class="wp-block-heading">Trading The Future, Not The Fundamentals</h1>
After the April launch of QBTX, Tradr is riding the wave of speculative interest in quantum stocks. 
&#8220;In general, we are not making a fundamental call on any one stock when we launch these ETFs.&#8221; says Markiewicz. &#8220;We are looking at trading volumes, options volumes, volatility and what we call the ‘social zeitgeist' when we determine what could be a good candidate for a single-stock ETF.&#8221;
The appeal is obvious: speculative tales, jaw-dropping volatility and liquid underlying shares. 
&#8220;It's the volatility of QUBT that attracts traders. Also, like all quantum computing stocks, there is an element of speculation that draws traders to each and every story. Kind of like a gold company looking for its next big deposit, a biotech announcing a successful trial on a Phase III drug or an oil exploration company on the verge of finding a massive reserve,&#8221; Markiewicz noted.
<h1 class="wp-block-heading">Not Just Hype, But High Risk, High Reward</h1>
For investors, the allure is leverage without the sophistication of options or the inconvenience of margin. QUBX and RGTU are both actively managed and constructed with total return swaps on the underlying securities.
&#8220;Well, both ETFs are actively managed so there is no ‘tracking error' per se as that term is generally applied to index funds,&#8221; Markiewicz said. &#8220;However, both RGTI and QUBT are extremely liquid underlying stocks. On many days, they show up on &#8216;most active U.S. stock&#8217; lists. It's that liquidity that serves as the underpinning for the &#8216;total return swaps&#8217; that enables the fund to aim for the 200% daily exposure.&#8221;
Nevertheless, he warned that such ETFs are short-term trading instruments, rather than long-term investments. 
&#8220;As with any leveraged ETF, the volatility of the reference asset will play an important role in determining the final return of your trade. &nbsp;Even though you may have gotten the direction of the underlying trade right, your ETF trade return could deviate from that of what the stock has done.&#8221;
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/06/46076082/new-defiance-etfs-offer-2x-bull-and-bear-exposure-to-ionq-oklo-and-soundhound-ai">New Defiance ETFs Offer 2X Bull And Bear Exposure To IonQ, Oklo And SoundHound AI</a>
<h1 class="wp-block-heading">Quantum: AI&#8217;s Riskier Cousin?</h1>
While quantum computing remains in its infancy from a commercial perspective, institutional giants&#8217; interest is serving to legitimize the space. 
&#8220;If you take a look at the investment being thrown at quantum from companies like Amazon, Microsoft, IBM and Google, it's clear that there is something here,&#8221; Markiewicz observed, &#8220;Of course you'd never buy any of those stocks solely for their involvement in quantum but their R&amp;D spend helps to validate the technology to an extent.&#8221;
The question now is whether speculative interest will persist as long as commercialization lags behind. 
"It's kind of what AI was like three years ago when everyone started paying attention," Markiewicz said. "I'm not saying that quantum is three years out from being meaningful,l but just that it takes a while for the technology to start being of real value for corporations."
<h1 class="wp-block-heading">What's Next?</h1>
With leveraged ETFs on compelling stocks already in the book, Tradr&#8217;s thematic playbook is becoming increasingly evident: head towards where the volatility and the traders are.
And what about other quantum players such as IonQ or ColdQuanta? 
&#8220;IonQ is up there in terms of being a lead horse in this exciting quantum race,&#8221; Markiewicz remarked, not suggesting Tradr&#8217;s quantum roster might have some entangled particles left to discover.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46074385/nasdaq-seasonality-summer-record-highs">Nasdaq 100&#8217;s Summer Sweet Spot Is Here &#8211; And It Rarely Disappoints</a></li>
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Photo: A9 STUDIO via Shutterstock

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QBTS

Tradr 2X Long QBTS Daily ETF Tradr 2X Long QBTS Daily ETF

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Quantum Volatility? Tradr's New ETFs QUBX, RGTU Are Built for It, Says Matt Markiewicz

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Are You a Long-Term Investor in Any of the Following Companies? AppLovin Corporation (NASDAQ: APP); Monolithic Power Systems, Inc. (NASDAQ: MPWR); NAPCO Security Technologies, Inc. (NASDAQ: NSSC); or Treace Medical Concepts, Inc. (NASDAQ: TMCI) – If So, Contact Grabar Law Office Today!

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Notice to Shareholders of AppLovin Corporation (NASDAQ: APP); Dick's Sporting Goods, Inc. (NYSE: DKS); Manhattan Associates, Inc. (NASDAQ: MANH); Mercury Systems, Inc. (NASDAQ: MRCY); and Virtu Financial, Inc. (NASDAQ: VIRT): Grabar Law Office is Investigating Claims on Your Behalf

Notice to Long-Term Shareholders of AppLovin Corporation (NASDAQ: APP); DoubleVerify Holdings, Inc. (NYSE: DV); Manhattan Associates, Inc. (NASDAQ: MANH); and Monolithic Power Systems, Inc. (NASDAQ: MPWR): Grabar Law Office is Investigating Claims on Your Behalf

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AI for Gaming and Military Applications, Clean Energy, and Digital Transformation of $340 Billion Global Lotto Market

AppLovin Investor Alert: Scott+Scott Attorneys at Law LLP Investigates AppLovin Corporation's Directors and Officers for Breach of Fiduciary Duties – APP

Attention Long-Term Investors of AppLovin Corporation (NASDAQ: APP); Mercury Systems, Inc. (NASDAQ: MRCY); Monolithic Power Systems, Inc. (NASDAQ: MPWR); and Treace Medical Concepts, Inc. (NASDAQ: TMCI) – Grabar Law Office is Investigating Claims on Your Behalf!

AppLovin Completes Sale of Mobile Gaming Business to Tripledot Studios

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AppLovin to Announce Second Quarter 2025 Results

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