Axon Enterprise (AXON) Stock Forecast & Price Target

$395.34

+2.09 (+0.53%)

(As of 09/27/2024 ET)

Axon Enterprise - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
1

Buy
13

Based on 14 Wall Street analysts who have issued ratings for Axon Enterprise in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 1 has given a hold rating, and 13 have given a buy rating for AXON.

Consensus Price Target

$365.38
-7.58% Downside

According to the 14 analysts' twelve-month price targets for Axon Enterprise, the average price target is $365.38. The highest price target for AXON is $430.00, while the lowest price target for AXON is $233.00. The average price target represents a forecasted downside of -7.58% from the current price of $395.34.

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AXON Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$365.38	$358.08	$335.27	$244.73
Forecasted Upside	-7.58% Downside	-1.08% Downside	13.95% Upside	22.98% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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AXON Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AXON Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Axon Enterprise Stock vs. The Competition

Type	Axon Enterprise	Industrial Products Companies	S&P 500
Consensus Rating Score	2.93	2.57	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-7.58% Downside	46.71% Upside	6.12% Upside
News Sentiment Rating	Positive News See Recent AXON News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/12/2024	JMP Securities 2 of 5 stars	Boost Target	Outperform	$375.00 ➝ $430.00	+12.74%
9/10/2024	Robert W. Baird 2 of 5 stars	Boost Target	Outperform ➝ Outperform	$360.00 ➝ $400.00	+9.77%
8/8/2024	Northland Securities 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$330.00 ➝ $365.00	+0.31%
8/7/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$370.00 ➝ $376.00	+5.80%
8/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$381.00 ➝ $387.00	+8.90%
8/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$400.00 ➝ $400.00	+35.59%
Get the Latest News and Ratings for AXON and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Axon Enterprise and its competitors with MarketBeat's FREE daily newsletter.
7/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$380.00	+18.96%
7/17/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$385.00	+20.53%
4/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$285.00 ➝ $310.00	-0.36%
4/24/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
4/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$330.00 ➝ $365.00	+14.69%
3/13/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$380.00	+22.04%
2/28/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$297.00 ➝ $339.00	+11.72%
11/8/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$223.00 ➝ $233.00	+7.69%
5/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$300.00 ➝ $309.00	+36.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:32 AM ET.

Should I Buy Axon Enterprise Stock? AXON Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Axon Enterprise pros and cons to contact@marketbeat.com.

Axon Enterprise
Bull Case

Here are some ways that investors could benefit from investing in Axon Enterprise, Inc.:

Axon Enterprise, Inc. reported earnings per share of $1.20 for the last quarter, surpassing analysts' estimates by $0.18. This indicates strong financial performance and potential growth.
Recent insider transactions show confidence in the company's future. Directors have been selling shares at prices significantly higher than the current stock price, suggesting positive outlook.
Wall Street analysts have given Axon Enterprise a "Moderate Buy" rating with a consensus target price of $358.08, indicating potential for stock price appreciation.
Institutional investors like Norges Bank and Vanguard Group Inc. have significantly increased their holdings in Axon Enterprise, signaling institutional confidence in the company's prospects.
Axon Enterprise's stock price has been trading at a relatively stable level, indicating resilience in the face of market fluctuations and potential for long-term growth.

Axon Enterprise
Bear Case

Investors should be bearish about investing in Axon Enterprise, Inc. for these reasons:

Axon Enterprise, Inc. has a high price-to-earnings ratio of 104.80, which may indicate that the stock is currently overvalued compared to its earnings potential.
The company's P/E/G ratio of 9.50 suggests that the stock may be overpriced relative to its expected earnings growth rate, potentially limiting short-term returns for investors.
Despite positive analyst ratings, there is always a degree of uncertainty in the market, and any unforeseen events or changes in industry dynamics could impact Axon Enterprise's stock performance.
The company's beta of 0.94 indicates that Axon Enterprise's stock price is less volatile than the market average, which may limit potential gains for investors seeking higher-risk investments.
Axon Enterprise's debt-to-equity ratio of 0.35 may raise concerns about the company's financial leverage and ability to manage debt obligations, potentially affecting shareholder returns.

AXON Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Axon Enterprise is $365.38, with a high forecast of $430.00 and a low forecast of $233.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Axon Enterprise in the last year. There is currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AXON shares.
: According to analysts, Axon Enterprise's stock has a predicted downside of -7.58% based on their 12-month stock forecasts.
: Axon Enterprise has been rated by research analysts at Bank of America, Barclays, Craig Hallum, Jefferies Financial Group, JMP Securities, Needham & Company LLC, Northland Securities, and Robert W. Baird in the past 90 days.
: Analysts like Axon Enterprise more than other "industrial products" companies. The consensus rating score for Axon Enterprise is 2.93 while the average consensus rating score for "industrial products" companies is 2.57. Learn more on how AXON compares to other companies.

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This page (NASDAQ:AXON) was last updated on 9/28/2024 by MarketBeat.com Staff

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