- The shares of Axon Enterprise Inc (NASDAQ: AXON) recently received a $224 price target. These are the details.
The shares of Axon Enterprise Inc (NASDAQ: AXON) recently received a $224 price target.
Price target: $224
Rating: Overweight
Source: JPMorgan
JPMorgan analysts adjusted the rating while bringing up the valuation as the reason for the downgrade. But they remain positive on the company long term. And Axon’s strong position in a large addressable market, the revenue growth momentum of 20%, and its favorable government funding environment could offer an upside to estimates over time and drive a premium multiple relative to industrial tech peers. But the analysts do not expect Axon to perform in line with its coverage in the next 6 to 12 months.
