Meet the Blockbuster Stock Joining the S&P 500. It Soared 541% Over the Past Year, and It's Still a Buy Right Now, According to Wall Street

The S&P 500 (SNPINDEX: ^GSPC) is widely recognized as the best overall gauge of the U.S. stock market and is made up of the 500 leading publicly traded companies in the country. Given the breadth of businesses that compose the index, it is generally considered the most reliable benchmark of overall stock market performance. To be considered for admittance into the S&P 500, a company must meet the following broad-based criteria:AppLovin (NASDAQ: APP) is the latest addition to the S&P 500, scheduled to join the benchmark on Sept. 22. That makes it one of only 10 companies to make the cut thus far in 2025. The stock has gained 541% over the past year, but there's more. Since its IPO in early 2021, AppLovin has outperformed the broader market by a wide margin, generating gains of 652%, compared with just 55% for the S&P 500 (as of market close on Friday). The stock price gains have been driven higher by robust fundamentals, as its revenue has soared 510% and net income has jumped 3,490% -- all in less than five years.Despite the stock's impressive gains and AppLovin's increasing track record, many believe the company has a long runway for growth ahead. Let's take a look at the opportunity and why Wall Street firmly believes the stock is still a buy, despite its premium valuation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool