Axon Enterprise (AXON) Stock Forecast & Price Target

$626.20 +7.20 (+1.16%)

(As of 02:27 PM 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 13 Analyst Ratings

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
-31.68% 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 -31.68% from the current price of $626.20.

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AXON Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
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	$382.85	$358.08	$245.64
Forecasted Upside	-31.68% Downside	-13.87% Downside	-1.21% Downside	7.66% 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	2.92	2.58	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-30.88% Downside	35.54% Upside	6.38% 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
11/11/2024	Northland Securities 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$365.00 ➝ $550.00	-10.13%
11/8/2024	Needham & Company LLC 3 of 5 stars	Boost Target	Buy ➝ Buy	$525.00 ➝ $600.00	-1.22%
11/4/2024	Robert W. Baird 2 of 5 stars	Boost Target	Outperform ➝ Outperform	$440.00 ➝ $460.00	+8.02%
10/31/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Outperform ➝ Market Outperform	$430.00 ➝ $500.00	+17.86%
10/23/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$385.00 ➝ $441.00	-0.97%
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%
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8/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$381.00 ➝ $387.00	+8.90%
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%
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 Tuesday at 02:55 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 Wednesday, November 20, 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.:

The stock is currently trading at $602.39, reflecting strong market interest and potential for further growth.
Analysts have recently upgraded their price targets significantly, with Northland Securities raising theirs to $550.00, indicating confidence in the company's future performance.
Axon Enterprise, Inc. has a solid market capitalization of approximately $46.42 billion, suggesting a stable and established presence in the market.
Insider transactions show a high level of confidence from executives, with significant stock sales indicating liquidity and potential reinvestment in the company.
The company operates in a growing sector, developing advanced conducted energy devices and software solutions, which positions it well for future demand.

Axon Enterprise
Bear Case

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

The stock has a high price-to-earnings (P/E) ratio of 158.00, which may indicate that it is overvalued compared to its earnings, posing a risk for potential investors.
Recent insider sales, totaling over $161 million in the last ninety days, could signal a lack of confidence in the stock's short-term performance.
The company has a relatively low insider ownership of 6.10%, which may suggest that executives do not have a significant personal stake in the company's long-term success.
Despite recent upgrades, two analysts have rated the stock with a hold rating, indicating some caution among market experts.
The stock's volatility, as indicated by a beta of 0.94, suggests that it may not be as stable as other investments, which could be a concern for risk-averse investors.

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 equities 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 equities research analysts is that investors should "moderate buy" AXON shares.
: According to analysts, Axon Enterprise's stock has a predicted downside of -31.68% 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.

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"This Could Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" (Ad)

Click here to see why experts and insiders may be preparing for the biggest financial crisis of the

This page (NASDAQ:AXON) was last updated on 11/26/2024 by MarketBeat.com Staff

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Axon Enterprise (AXON) Stock Forecast & Price Target