Live Price, Analyst Targets, Axon AI Growth Story, and Key Risks as 2025 Ends

NEW YORK — Friday, December 26, 2025, 2:09 p.m. ET. AppLovin Corporation (NASDAQ: APP) shares are trading around $719 in a post-Christmas, low-liquidity session, down roughly 1% intraday after a powerful 2025 run for the AI-driven advertising platform. [1]

The broader U.S. market backdrop remains supportive: U.S. equities are sitting near record highs late in the year, with investors watching for potential volatility from light holiday trading and upcoming catalysts like Federal Reserve meeting minutes next week. [2]

Below is what matters for AppLovin stock right now—today’s price action, the latest analyst forecasts and price targets, the core Axon growth thesis, and the biggest risks investors are weighing into the final trading…

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