Analysts Set Axon Enterprise, Inc. (NASDAQ:AXON) Price Target at $312.64

Axon Enterprise, Inc. (NASDAQ:AXONGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $314.91.

Several equities analysts have issued reports on the company. The Goldman Sachs Group lifted their target price on Axon Enterprise from $297.00 to $339.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on Axon Enterprise from $330.00 to $365.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Argus started coverage on shares of Axon Enterprise in a report on Wednesday, March 13th. They issued a “buy” rating and a $380.00 price target for the company. Morgan Stanley lifted their price target on Axon Enterprise from $285.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, William Blair reaffirmed an “outperform” rating on shares of Axon Enterprise in a report on Wednesday.

Read Our Latest Stock Analysis on Axon Enterprise

Hedge Funds Weigh In On Axon Enterprise

A number of institutional investors have recently added to or reduced their stakes in AXON. ICA Group Wealth Management LLC acquired a new position in Axon Enterprise in the 4th quarter valued at about $26,000. Trivant Custom Portfolio Group LLC purchased a new position in Axon Enterprise during the first quarter worth about $31,000. First PREMIER Bank acquired a new position in shares of Axon Enterprise in the 1st quarter worth approximately $33,000. BKM Wealth Management LLC purchased a new stake in Axon Enterprise in the fourth quarter valued at approximately $32,000. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in shares of Axon Enterprise in the first quarter valued at $41,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Up 0.6 %

Shares of NASDAQ:AXON opened at $308.23 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 2.66. The business has a 50 day simple moving average of $304.22 and a two-hundred day simple moving average of $261.92. Axon Enterprise has a 1 year low of $175.37 and a 1 year high of $329.87. The firm has a market capitalization of $23.26 billion, a PE ratio of 134.01 and a beta of 0.93.

Axon Enterprise (NASDAQ:AXONGet Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.29. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. The company had revenue of $432.14 million during the quarter, compared to analyst estimates of $418.97 million. On average, equities analysts predict that Axon Enterprise will post 2.44 EPS for the current year.

About Axon Enterprise

(Get Free Report

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

Featured Articles

Analyst Recommendations for Axon Enterprise (NASDAQ:AXON)

Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.