
Axon Enterprise (AXON) Stock Forecast & Price Target
Axon Enterprise (AXON) Analyst Ratings
Bulls say
Axon Enterprise Inc. reported a notable growth in Contracted Bookings, achieving a 39% increase to $11.4 billion, which reflects a healthy backlog and strong demand for its products. The company's revenue reached $711 million, with a year-over-year growth of 31%, driven by the adoption of premium subscriptions and strong sales in its Software and Services segment, which grew 41%. Furthermore, the Connected Devices segment saw a robust growth of 24% to $405 million, underpinned by continued strong performance in TASER products and significant contributions from its new sensor technologies and platform offerings.
Bears say
Axon Enterprise Inc has experienced a significant decline in its stock price, down approximately 20% in after-hours trading, attributed to suboptimal quarterly performance metrics that deviated from investor expectations, specifically a slowdown in Q3 bookings. The company reported a deceleration in its annual recurring revenue (ARR) growth to 35% year-over-year, alongside net new annual recurring revenue (NNARR) of $95 million, while net revenue retention (NRR) increased marginally by 1% to 125%. Additionally, the valuation outlook has been adjusted downward, with reduced price targets reflecting a recalibration of expected sales and profit margins due to competitive pressures and lower financial comparisons.
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
Start investing in Axon Enterprise (AXON)
Order type
Buy in
Order amount
Est. shares
0 shares