B of A Securities analyst Jordan Lyonnais has recently updated the outlook for Axon Enterprise (AXON, Financial). The firm maintains its "Buy" rating on the stock, emphasizing confidence in Axon's market position and future prospects.
In a notable update, the firm has raised its price target for Axon Enterprise (AXON, Financial) from USD 750.00 to USD 895.00. This adjustment represents an increase of approximately 19.33%, highlighting the analyst's positive outlook on the company's performance and potential growth.
As a leader in law enforcement technology, Axon Enterprise (AXON, Financial) continues to garner attention and support from financial analysts. The latest adjustment by B of A Securities underscores their belief in Axon's ongoing innovation and market reach.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Axon Enterprise Inc (AXON, Financial) is $709.49 with a high estimate of $830.00 and a low estimate of $579.32. The average target implies an downside of 7.59% from the current price of $767.78. More detailed estimate data can be found on the Axon Enterprise Inc (AXON) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Axon Enterprise Inc's (AXON, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Axon Enterprise Inc (AXON, Financial) in one year is $471.99, suggesting a downside of 38.53% from the current price of $767.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Axon Enterprise Inc (AXON) Summary page.
