Axon Enterprise stock (NASDAQ: AXON) has had a solid run, rising by almost 3x over the past two years from levels of about $124 per share in September 2022 to about $380 presently. There is a high probability that this run is unlikely to lose steam anytime soon, for this run is backed by solid business performance.
Recently, Zacks.com users have been paying close attention to Axon (AXON). This makes it worthwhile to examine what the stock has in store.
Axon Enterprise (AXON) closed at $382.57 in the latest trading session, marking a -0.83% move from the prior day.
The Zacks Focus List offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage.
Axon Enterprise Inc. (AXON, Financial) has positioned itself as a leader in the public safety technology industry, specializing in personal protection and law enforcement. While the company is primarily known for its less-than-lethal devices for law enforcement, Tasers, its biggest opportunities lie in digital evidence management, real-time operations and body-worn cameras.
Axon's integrated hardware and software ecosystem, including TASERs and AI-powered tools, is revolutionizing public safety and driving strong adoption across law enforcement agencies globally. Axon's annual recurring revenue grew 44% year-over-year in its latest quarter, with a 122% net revenue retention rate, indicating customer loyalty and increasing spend. The company's expansion into new verticals and international markets, coupled with a $77 billion total addressable market, highlights significant growth potential.
Axon Enterprise (AXON) reachead $361.71 at the closing of the latest trading day, reflecting a +0.66% change compared to its last close.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Axon (AXON) reported earnings 30 days ago. What's next for the stock?
Recently, Zacks.com users have been paying close attention to Axon (AXON). This makes it worthwhile to examine what the stock has in store.
AXON is set to benefit from solid momentum across its segments. However, increasing costs and expenses remain a concern.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.