
Axon Enterprise (AXON) Stock Forecast & Price Target
Axon Enterprise (AXON) Analyst Ratings
Bulls say
Axon Enterprise Inc has demonstrated strong financial performance, highlighted by a 39% increase in Contracted Bookings to $11.4 billion, indicating robust growth and a solid backlog for future revenue. The company's sales reached $711 million, representing a year-over-year growth of 31%, bolstered by increased adoption of premium subscriptions and a notable expansion in Software and Services, which grew 41% with a Net Revenue Retention rate of 124%. Additionally, Axon is projecting continued momentum with Q4 revenue guidance suggesting an acceleration to $750-$755 million, showcasing the company's favorable trajectory in a competitive landscape.
Bears say
Axon Enterprise Inc. faces challenges due to potential issues with new TASER products, including concerns over higher fatality rates and lower accuracy, which could negatively affect the TASER brand and the company’s growth trajectory. Additionally, ongoing global supply chain constraints present significant risks to the company’s quarterly results and financial performance. Following a recent earnings report that fell in line with expectations, shares dropped approximately 20%, reflecting investor concern over slowing growth metrics and reduced margins, which has led to a lowered price target and valuation multiple.
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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