
Axon Enterprise (AXON) Stock Forecast & Price Target
Axon Enterprise (AXON) Analyst Ratings
Bulls say
Axon Enterprise Inc. has demonstrated significant growth, with Contracted Bookings increasing by 39% to $11.4 billion, highlighting a strong backlog and ongoing demand for its integrated public safety solutions. The company reported a 31% year-over-year sales increase to $711 million, supported by robust adoption of premium subscriptions and various product segments, including a notable 41% growth in Software and Services. Additionally, Axon's Annual Recurring Revenue (ARR) rose to $1.25 billion, reflecting a 41% acceleration, with projected Q4 revenues anticipated to range between $750 million and $755 million, indicating consistent momentum and a positive trajectory heading into the next fiscal year.
Bears say
Axon Enterprise Inc. is currently facing significant challenges that contribute to a negative outlook on its stock, primarily stemming from global supply chain constraints that may impede operational efficiency and revenue growth. The company has experienced a roughly 20% decline in shares following a quarterly report that indicated a slowdown in key performance metrics, including a decrease in bookings, alongside high valuation multiples that amplify the impact of any downturns. Additionally, concerns about the new TASER products, including potential issues with fatality rates and accuracy, could damage the TASER brand's reputation and further hinder Axon's growth trajectory.
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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