
Axon Enterprise (AXON) Stock Forecast & Price Target
Axon Enterprise (AXON) Analyst Ratings
Bulls say
Axon Enterprise Inc. has demonstrated substantial growth, with Contracted Bookings increasing by 39% to $11.4 billion, bolstered by a 13% rise in bookings to $1.4 billion, reflecting a solid backlog. The company's revenue for the period reached $711 million, marking a year-over-year increase of 31%, driven by strong adoption of premium subscriptions and significant growth in the Software and Services segment, which grew by 41%, leading to an annual recurring revenue (ARR) of $1.25 billion. Additionally, Axon is anticipating continued robust performance, projecting Q4 revenue of $750-$755 million, which indicates a revenue acceleration as the company exits the year amidst challenging comparatives.
Bears say
Axon Enterprise Inc faces significant challenges affecting its stock outlook, including potential issues with new TASER products, which if not resolved, could lead to a decline in brand strength and an associated slowdown in growth. The company has experienced a 20% drop in share price, attributed to a decline in lead metrics such as Q3 bookings and concerns over higher valuation multiples amidst slightly lower margins. Ongoing global supply chain constraints remain a substantial risk, contributing to uncertainty in quarterly results and further pressuring the company's financial performance.
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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