Key Takeaways:
- Axon Enterprise's earnings and revenue have surpassed estimates, showcasing robust growth.
- Analysts project further potential upside for Axon Enterprise with a notable average target price.
- Despite positive analyst sentiment, GuruFocus's valuation hints at a potential downside.
In the first quarter, Axon Enterprise (AXON, Financial) reported impressive financial results. The company achieved a Non-GAAP earnings per share of $1.41, beating expectations by $0.17. Revenue also saw significant growth, reaching $603.63 million, which marks a 31% increase year-over-year and surpassed projections by $17.29 million. Axon is optimistic about its future, forecasting a 27% annual revenue growth leading up to 2025, aiming for a total between $2.60 billion and $2.70 billion.
Wall Street Analysts Forecast
Analyst sentiment remains strong for Axon Enterprise Inc (AXON, Financial). Thirteen analysts have provided one-year price targets, arriving at an average of $665.11, with estimates ranging from a high of $800.00 to a low of $491.36. This average target suggests a potential upside of 10.52% from the current price of $601.82. For more comprehensive analysis and estimates, visit the Axon Enterprise Inc (AXON) Forecast page.
The consensus recommendation from 17 brokerage firms positions Axon Enterprise Inc (AXON, Financial) with an average recommendation of 1.9, indicating an "Outperform" status. The rating scale for these recommendations ranges from 1, indicating a Strong Buy, to 5, which signifies a Sell.
Meanwhile, according to GuruFocus estimates, the estimated GF Value for Axon Enterprise Inc (AXON, Financial) in one year is $435.56, which implies a potential downside of 27.63% from the current price of $601.82. The GF Value is GuruFocus's estimate of the stock's fair trading value, calculated based on historical trading multiples, past business growth, and future performance estimates. Additional data can be accessed on the Axon Enterprise Inc (AXON) Summary page.
