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Axon Enterprise (AXON) Stock Forecast & Price Target

Axon Enterprise logo
$600.00 +0.65 (+0.11%)
(As of 11/18/2024 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

Sell
0
Hold
1
Buy
12

Based on 13 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 13 analysts, 1 has given a hold rating, and 12 have given a buy rating for AXON.

Consensus Price Target

$427.83
-28.69% Downside
According to the 13 analysts' twelve-month price targets for Axon Enterprise, the average price target is $427.83. The highest price target for AXON is $600.00, while the lowest price target for AXON is $310.00. The average price target represents a forecasted downside of -28.69% from the current price of $600.00.
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AXON Analyst Ratings Over Time

TypeCurrent Forecast
11/19/23 to 11/18/24
1 Month Ago
10/20/23 to 10/19/24
3 Months Ago
8/21/23 to 8/20/24
1 Year Ago
11/19/22 to 11/19/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
13 Buy rating(s)
13 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$427.83$365.38$358.08$245.64
Forecasted Upside-28.69% Downside-16.59% Downside-4.01% Downside9.91% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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Axon Enterprise Stock vs. The Competition

TypeAxon EnterpriseIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.92
2.59
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-28.69% Downside76.93% Upside9.47% Upside
News Sentiment Rating
Positive News

See Recent AXON News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/11/2024Northland Securities
4 of 5 stars
 Boost TargetOutperform ➝ Outperform$365.00 ➝ $550.00-10.13%
11/8/2024Needham & Company LLC
3 of 5 stars
 Boost TargetBuy ➝ Buy$525.00 ➝ $600.00-1.22%
11/4/2024Robert W. Baird
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$440.00 ➝ $460.00+8.02%
10/31/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$430.00 ➝ $500.00+17.86%
10/23/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$385.00 ➝ $441.00-0.97%
8/7/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$370.00 ➝ $376.00+5.80%
8/7/2024Barclays
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 Boost TargetOverweight ➝ Overweight$381.00 ➝ $387.00+8.90%
7/17/2024Bank of America
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 Initiated CoverageBuy$380.00+18.96%
7/17/2024Jefferies Financial Group
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 Initiated CoverageBuy$385.00+20.53%
4/26/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$285.00 ➝ $310.00-0.36%
4/24/2024William Blair
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 Reiterated RatingOutperform
4/11/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$330.00 ➝ $365.00+14.69%
3/13/2024Argus
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 Initiated CoverageBuy$380.00+22.04%
11/8/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$223.00 ➝ $233.00+7.69%
5/10/2023Credit Suisse Group
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 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 Monday at 07:39 PM 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 Friday, November 1, 2024. Please send any questions or comments about these Axon Enterprise pros and cons to contact@marketbeat.com.

Axon Enterprise
Bull Case

green Wall Street bull icon

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

  • Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand, providing a unique product offering in the market.
  • The company operates through two segments, Software and Sensors, and TASER, diversifying its revenue streams.
  • Axon Enterprise, Inc. also offers hardware and cloud-based software solutions, enhancing its technological capabilities.
  • Recent developments in the company's product line have shown promising growth potential.
  • The current stock price of Axon Enterprise, Inc. is favorable for investors looking for a potential entry point.

Axon Enterprise
Bear Case

red Wall Street bear icon

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

  • Despite recent developments, there may be market uncertainties affecting the company's performance.
  • Competition in the industry could pose challenges for Axon Enterprise, Inc.'s market share and profitability.
  • Regulatory changes or legal issues related to the use of conducted energy devices could impact the company's operations.
  • Fluctuations in demand for law enforcement technology products may affect Axon Enterprise, Inc.'s sales and revenue.
  • Investors should carefully consider the overall market conditions and economic outlook before making investment decisions related to Axon Enterprise, Inc.

AXON Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Axon Enterprise is $427.83, with a high forecast of $600.00 and a low forecast of $310.00.

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Axon Enterprise in the last year. There is currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AXON shares.

According to analysts, Axon Enterprise's stock has a predicted downside of -28.69% based on their 12-month stock forecasts.

Axon Enterprise has been rated by research analysts at JMP Securities, Needham & Company LLC, Northland Securities, Robert W. Baird, and The Goldman Sachs Group in the past 90 days.

Analysts like Axon Enterprise more than other "industrial products" companies. The consensus rating score for Axon Enterprise is 2.92 while the average consensus rating score for "industrial products" companies is 2.59. Learn more on how AXON compares to other companies.


This page (NASDAQ:AXON) was last updated on 11/18/2024 by MarketBeat.com Staff
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