
Axon Enterprise (AXON) Stock Forecast & Price Target
Axon Enterprise (AXON) Analyst Ratings
Bulls say
Axon Enterprise Inc has demonstrated substantial growth within its Software and Sensors segment, with contracted bookings rising 39% to $11.4 billion and a revenue increase of 31% year-over-year to $711 million, slightly exceeding expectations. The company has achieved impressive annual recurring revenue (ARR) of $1.25 billion, marking a 41% increase and indicating strong market demand through premium subscription adoption and growth in connected devices. Additionally, Axon's strong growth trajectory is further supported by a forecasted revenue acceleration in Q4, guiding to $750-$755 million, suggesting robust performance entering the next fiscal year.
Bears say
Axon Enterprise Inc. is facing a negative outlook primarily due to global supply chain constraints that may hinder its operational efficiency and negatively impact financial performance. The company's recent stock decline of approximately 20% following their earnings report reflects market concern over slowing growth metrics, particularly in Q3 bookings, as well as a backdrop of high valuation multiples. Additionally, potential issues with new TASER products, such as increased fatality rates or accuracy problems, could adversely affect the brand's reputation and overall revenue growth.
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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