Key Takeaways:
- Axon Enterprises' ambitious expansion plans in Scottsdale are stirring local controversy.
- Despite current high market prices, analysts foresee a potential downside for the stock.
- Analyst consensus still favors Axon Enterprises with an "Outperform" rating.
Axon Enterprises (AXON, Financial), best recognized for its innovative Tasers and body cameras, is currently under scrutiny due to its proposed expansion of headquarters in Scottsdale, Arizona. The expansion blueprint includes nearly 1,900 apartments and has ignited a fierce debate among both community members and state lawmakers. Despite legislative support through a recent bill, detractors are vocalizing concerns over what they perceive as an encroachment on local governance.
Wall Street Analysts Forecast
According to the insights from 13 financial analysts, Axon Enterprise Inc (AXON, Financial) has an average one-year price target set at $720.65. This figure contrasts with a higher projection of $895.00 and a lower one at $579.32, suggesting an average expected downside of 7.59% from the current trading price of $779.81. For a more comprehensive dive into these estimations, investors can visit the Axon Enterprise Inc (AXON) Forecast page.
The consensus among 17 brokerage firms places Axon Enterprise Inc's (AXON, Financial) recommendation at 1.9, which aligns with an "Outperform" status. This rating is part of a spectrum ranging from 1 (Strong Buy) to 5 (Sell), signaling a positive outlook from the majority of analysts.
However, when evaluating based on GuruFocus' GF Value, Axon Enterprise Inc (AXON, Financial) is estimated to have a fair value of $472.63 in the upcoming year. This estimation points to a potential downside of 39.39% from the present market price of $779.81. The GF Value is meticulously calculated through historical trading multiples, past business growth trajectories, and anticipated future performance metrics. For a detailed analysis, explore the Axon Enterprise Inc (AXON) Summary page.
