
Axon Enterprise (AXON) Stock Forecast & Price Target
Axon Enterprise (AXON) Analyst Ratings
Bulls say
Axon Enterprise Inc. reported strong financial performance, with Contracted Bookings growing 39% to $11.4 billion, reflecting a healthy backlog that supports positive future revenue streams. The company's sales reached $711 million, marking a 31% year-over-year increase, while its Software and Services segment experienced a significant growth of 41%, resulting in an annual recurring revenue (ARR) of $1.25 billion—up 41% and indicating continued acceleration. Additionally, fourth-quarter guidance suggests a revenue of $750-$755 million, slightly above expectations and indicating an encouraging revenue momentum heading into the next fiscal year.
Bears say
Axon Enterprise Inc. faces potential challenges due to global supply chain constraints that may continue to negatively impact quarterly results and overall growth. Additionally, a slowdown in key performance metrics, such as Q3 bookings, combined with heightened scrutiny regarding the safety and efficacy of new TASER products, could adversely affect the TASER brand and its market position. Furthermore, the company's stock has experienced a significant decline of approximately 20% after hours, indicating investor concerns over slightly lower margins and increasing competition, thereby leading to a revised outlook on pricing and valuation multiples.
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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