
Axon Enterprise (AXON) Stock Forecast & Price Target
Axon Enterprise (AXON) Analyst Ratings
Bulls say
Axon Enterprise Inc. has demonstrated strong financial growth, with Contracted Bookings increasing by 39% to $11.4 billion and revenue rising 31% year-over-year to $711 million, which aligns closely with market expectations. The company has successfully expanded its Software and Services segment, achieving a 41% growth rate and a Net Revenue Retention (NRR) rate of 124%, indicating robust customer engagement and premium subscription adoption. Furthermore, Axon's guidance for Q4 forecasts revenue between $750 million and $755 million, reflecting an expected acceleration in growth as the year concludes, thereby showcasing a favorable outlook for the company's financial trajectory.
Bears say
Axon Enterprise is facing significant challenges that may impede its growth, including potential issues with new TASER products, which could result in higher fatality or lower accuracy rates, directly impacting the brand's reputation and sales. The company’s shares have experienced a decline of approximately 20% after-hours due to performance metrics falling short of expectations, alongside a notable slowdown in key indicators such as Q3 bookings. Furthermore, persistent global supply chain constraints remain a considerable risk, complicating production capabilities and potentially hindering quarterly financial results.
This aggregate rating is based on analysts' research of Axon Enterprise and is not a guaranteed prediction by Public.com or investment advice.
Axon Enterprise (AXON) Analyst Forecast & Price Prediction
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