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Axon Enterprise (AXON) Stock Forecast & Price Target

$310.59
-0.22 (-0.07%)
(As of 07/26/2024 ET)

Axon Enterprise - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 14 Wall Street analysts who have issued ratings for Axon Enterprise in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 1 has given a hold rating, and 13 have given a buy rating for AXON.

Consensus Price Target

$342.54
10.29% Upside
High Forecast$400.00
Average Forecast$342.54
Low Forecast$233.00

According to the 14 analysts' twelve-month price targets for Axon Enterprise, the average price target is $342.54. The highest price target for AXON is $400.00, while the lowest price target for AXON is $233.00. The average price target represents a forecasted upside of 10.29% from the current price of $310.59.

TypeCurrent Forecast
7/27/23 to 7/26/24
1 Month Ago
6/27/23 to 6/26/24
3 Months Ago
4/28/23 to 4/27/24
1 Year Ago
7/27/22 to 7/27/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
11 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$342.54$335.27$314.91$232.64
Forecasted Upside10.29% Upside15.07% Upside13.27% Upside12.57% Upside
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AXON Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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AXON Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Axon Enterprise Stock vs. The Competition

TypeAxon EnterpriseIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.93
2.54
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside9.89% Upside38.10% Upside9.03% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Bank of America
4 of 5 stars
 Initiated CoverageBuy$380.00+18.96%
7/17/2024Jefferies Financial Group
2 of 5 stars
 Initiated CoverageBuy$385.00+20.53%
5/8/2024Barclays
2 of 5 stars
 Boost TargetOverweight ➝ Overweight$308.00 ➝ $381.00+21.47%
5/7/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$325.00 ➝ $370.00+19.57%
5/7/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$375.00+19.11%
5/7/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$400.00+22.09%
4/26/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$285.00 ➝ $310.00-0.36%
4/24/2024William Blair
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 Reiterated RatingOutperform
4/11/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$330.00 ➝ $365.00+14.69%
3/13/2024Argus
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 Initiated CoverageBuy$380.00+22.04%
2/28/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$297.00 ➝ $339.00+11.72%
2/22/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$260.00 ➝ $300.00+11.23%
11/8/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$223.00 ➝ $233.00+7.69%
8/11/2023Northland Securities
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 Boost TargetOutperform ➝ Outperform$227.00 ➝ $235.00+12.41%
5/10/2023Credit Suisse Group
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 Boost Target$300.00 ➝ $309.00+36.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:02 PM ET.

AXON Forecast - Frequently Asked Questions

What is Axon Enterprise's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Axon Enterprise is $342.54, with a high forecast of $400.00 and a low forecast of $233.00.

Should I buy or sell Axon Enterprise stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Axon Enterprise in the last year. There is currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AXON shares.

Does Axon Enterprise's stock price have much upside?

According to analysts, Axon Enterprise's stock has a predicted upside of 15.85% based on their 12-month stock forecasts.

What analysts cover Axon Enterprise?

Axon Enterprise has been rated by research analysts at Bank of America, Barclays, Craig Hallum, Jefferies Financial Group, JMP Securities, and Needham & Company LLC in the past 90 days.

Do Wall Street analysts like Axon Enterprise more than its competitors?

Analysts like Axon Enterprise more than other "industrial products" companies. The consensus rating score for Axon Enterprise is 2.93 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how AXON compares to other companies.


This page (NASDAQ:AXON) was last updated on 7/26/2024 by MarketBeat.com Staff

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