Axon Enterprise, Inc. (NASDAQ: AXON) is currently rated as a “Moderate Buy” by eighteen brokerages covering the stock, according to MarketBeat Ratings. Among these analysts, fifteen have issued buy ratings, while three have assigned hold ratings. The consensus price target for the company stands at $805.71.
This mixed but generally positive outlook reflects analysts’ expectations for Axon’s future performance based on its recent developments and market position.
**Why this matters**
Analyst ratings and price targets provide investors with insights into the potential direction of a stock. The predominance of buy ratings suggests confidence in Axon Enterprise’s growth prospects, which could influence investor decisions and market activity related to the stock.
Source: NewsData