Axon Enterprise (AXON) Stock Overview
Provides public safety technology solutions in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 6/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
AXON Community Fair Values
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Analyst Price Targets
Top Community Narratives
US$606.83
FV
1.2% overvalued intrinsic discount17.00%
Revenue growth p.a.
272
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Axon Enterprise, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$614.26 |
| 52 Week High | US$794.29 |
| 52 Week Low | US$339.01 |
| Beta | 1.4 |
| 1 Month Change | 20.17% |
| 3 Month Change | 59.13% |
| 1 Year Change | -19.55% |
| 3 Year Change | 213.38% |
| 5 Year Change | 231.76% |
| Change since IPO | 107,507.65% |
Recent News & Updates
Narrative Update • Aug 11
AXON: World Cup Booking Boom Will Eventually Strain Frothy Expectations
Axon Enterprise's fair value estimate has increased from $409.68 to $475.11 as analysts cite higher price targets grounded in strong Q2 bookings, growing contract visibility, and increased contributions from areas such as AI Era, Dedrone, and major law enforcement and World Cup related deployments. Analyst Commentary Recent Street research on Axon Enterprise reflects a wide range of views on where the stock should trade, even as many firms lift their price targets following Q2 results.Seeking Alpha • Aug 11
Axon: Take Some Chips Off The Table (Rating Downgrade)
Summary Axon delivered robust Q2 results, with 35% YoY revenue growth and strong AI Era business momentum. Future demand remains solid, evidenced by a 41% YoY increase in bookings and improved net revenue retention to 126%. Gross margin contracted 40 bps YoY, but adjusted EBITDA margin expanded 110 bps, highlighting operational leverage. Given a forward P/E of 77.26 and a premium forward PEG, I now see risk/reward as neutral. This is an opportunity to take some profits. Read the full article on Seeking AlphaRecent updates
Narrative Update • Aug 11
AXON: World Cup Booking Boom Will Eventually Strain Frothy Expectations
Axon Enterprise's fair value estimate has increased from $409.68 to $475.11 as analysts cite higher price targets grounded in strong Q2 bookings, growing contract visibility, and increased contributions from areas such as AI Era, Dedrone, and major law enforcement and World Cup related deployments. Analyst Commentary Recent Street research on Axon Enterprise reflects a wide range of views on where the stock should trade, even as many firms lift their price targets following Q2 results.Seeking Alpha • Aug 11
Axon: Take Some Chips Off The Table (Rating Downgrade)
Summary Axon delivered robust Q2 results, with 35% YoY revenue growth and strong AI Era business momentum. Future demand remains solid, evidenced by a 41% YoY increase in bookings and improved net revenue retention to 126%. Gross margin contracted 40 bps YoY, but adjusted EBITDA margin expanded 110 bps, highlighting operational leverage. Given a forward P/E of 77.26 and a premium forward PEG, I now see risk/reward as neutral. This is an opportunity to take some profits. Read the full article on Seeking AlphaNarrative Update • Jul 28
AXON: World Cup Booking Surge Will Eventually Test Lofty Expectations
Analysts have modestly reduced the fair value estimate for Axon Enterprise from $428.85 to $409.68, reflecting updated assumptions on discount rate, revenue growth, profit margins and future P/E in light of recent price target changes that cite strong World Cup related bookings and larger international opportunities. Analyst Commentary Recent research on Axon Enterprise shows a split in sentiment, with some firms lifting price targets on the back of World Cup related demand and international bookings, while other bearish analysts are reining in expectations.Narrative Update • Jul 14
AXON: World Cup Security Hype Will Expose Rich Public Safety Expectations
Axon Enterprise's analyst price target has been nudged higher by roughly $9, as analysts point to data indicating a firm Q2 booking setup, supported by World Cup related demand and broader international opportunities that include recent proof-of-concept wins. Analyst Commentary Recent research on Axon Enterprise shows a mix of optimism about bookings and international opportunities alongside a clear pocket of caution from some bearish analysts.
Narrative Update • Jun 15
AXON: AI And Public Safety Platform Expansion Will Support Long Term Upside
Axon Enterprise's analyst price target has been reduced by $100 to $825, as analysts incorporate higher discount rates and a lower future P/E multiple, while still reflecting updated assumptions for revenue growth and profit margins. Analyst Commentary Recent Street research on Axon Enterprise has focused on recalibrating price targets, with several firms revising their assumptions around discount rates and future P/E multiples.
Narrative Update • Jun 01
AXON: AI Public Safety Platform And Recurring Revenue Will Support Future Repricing
Axon Enterprise's analyst price targets have been trimmed by around $46 per share as analysts incorporate slightly lower revenue growth and profit margin assumptions, a higher discount rate, and a modestly higher future P/E into their updated models. Analyst Commentary Recent Street research on Axon Enterprise has centered on recalibrating price targets, with several firms adjusting their models to reflect updated expectations for revenue growth, profit margins, discount rates, and future P/E assumptions.Narrative Update • May 14
AXON: Sector Multiple Compression Will Meet Expanding AI Public Safety Platform
Narrative Update: Axon Enterprise Axon Enterprise's analyst price targets have been revised lower, with the model's fair value estimate moving from about $521 to about $420 as analysts temper revenue growth, margin, and future P/E assumptions following a broad wave of target cuts, even as many still highlight solid execution and long term opportunities. Analyst Commentary Recent Street research on Axon Enterprise points to a broad reset in expectations, with many firms trimming price targets even when they maintain positive ratings.Narrative Update • Apr 29
AXON: AI Data Moats And Recurring Revenue Will Support Future Sector Repricing
Axon Enterprise's updated analyst price target has been trimmed by about $10 to reflect slightly higher discount rate assumptions and sector wide multiple compression, even as analysts broadly highlight solid Q4 execution, long term growth opportunities, and recurring revenue strength as key supports for the outlook. Analyst Commentary Across recent research, analysts are broadly updating models for Axon Enterprise after Q4 results and fresh long term targets, with many trimming price targets to reflect sector wide multiple compression rather than company specific execution issues.Narrative Update • Apr 14
AXON: AI Advancements And Sector Repricing Will Extend Public Safety Reach
Axon Enterprise's analyst price target has been reset from $815 to $717.68, as analysts adjust their models to reflect sector wide multiple compression, while still highlighting solid Q4 execution, higher revenue and margin assumptions, and a view that recent share weakness may not align with the company's updated long term outlook. Analyst Commentary Recent research paints a mixed picture around Axon Enterprise, with many analysts trimming price targets after Q4 results while still pointing to solid execution, updated guidance, and sector wide multiple compression as the main drivers of the reset.Narrative Update • Mar 31
AXON: Sector Multiple Compression Will Confront AI Moats And Recurring Revenue
Axon Enterprise's updated fair value holds near $521, while the average analyst price target has been reset lower by roughly $50 to $100 per share to reflect sector wide multiple compression. Analysts continue to highlight solid Q4 results, stronger long term targets, and ongoing confidence in Axon's growth story and AI positioning.Narrative Update • Mar 17
AXON: Sector Multiple Compression Will Confront Recurring Revenue And AI Opportunity
Axon Enterprise's updated analyst price target has been reduced by $0, with analysts citing sector wide multiple compression and current sentiment, even as they highlight solid Q4 results, stronger long term targets, recurring revenue growth and potential AI advantages in their rationale. Analyst Commentary Recent Street research around Axon reflects a mix of confidence in the business model and caution around valuation and sector sentiment.
New Narrative • Mar 12
From Tasers to SaaS: Axon’s Quiet Platform Transformation
One company I find particularly interesting is Axon Enterprise. Many investors still associate the company primarily with TASER devices, but I think the more compelling part of the story is how Axon has quietly transformed itself into a software and data platform for public safety.Narrative Update • Mar 03
AXON: Sector Multiple Pressure Will Test Long Term Public Safety Expansion
The analyst price target underpinning our Axon Enterprise fair value has been revised to reflect a lower implied valuation, with fair value moving from about $639.60 to roughly $521.24 as analysts factor in sector wide multiple compression, alongside ongoing confidence in Axon's growth, recurring revenue profile, and long term product expansion. Analyst Commentary Across recent research updates, most firms have trimmed their Axon price targets, even as they reiterate broadly constructive views on the business model and product roadmap.Narrative Update • Feb 17
AXON: Upgraded Rating And Higher Future P/E Support Long Term Upside
Analysts have lifted their Axon Enterprise price target to $742, citing updated views on discount rates, revenue growth, profit margins, and expectations for a higher future P/E multiple that support a more constructive outlook on the shares. Analyst Commentary Bullish analysts are highlighting Axon Enterprise's refreshed valuation case, pointing to the new US$742 price target as evidence of confidence in the company’s ability to support a higher P/E multiple over time.Analysis Article • Feb 11
Axon Enterprise, Inc. (NASDAQ:AXON) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
Axon Enterprise, Inc. ( NASDAQ:AXON ) shareholders won't be pleased to see that the share price has had a very rough...Narrative Update • Feb 03
AXON: Expanding Public Safety Market Will Test Execution On New Cross Sell Opportunities
Analysts trimmed their Axon Enterprise fair value estimate by about US$3 to roughly US$640, reflecting updated assumptions for revenue growth, margins, and future P/E that incorporate recent ratings changes and mixed reactions to quarterly results. Analyst Commentary Recent research views on Axon Enterprise show a split between more optimistic and more cautious voices, with mixed reactions to the latest quarter feeding through to valuation updates and ratings changes.Narrative Update • Jan 20
AXON: AI And Drones Will Extend Public Safety Market Reach
Axon Enterprise's analyst fair value estimate has inched lower from $822.50 to $815.00 as analysts factor in mixed Q3 orders, a slightly higher discount rate, and a blend of cautious and constructive views reflected in recent price target changes ranging from $610 to $860. Analyst Commentary Recent research highlights a split between bullish analysts focused on Axon Enterprise's longer term growth path and more cautious voices reacting to mixed Q3 orders and valuation questions.Narrative Update • Jan 06
AXON: Large Public Safety Market Exposure Will Support Robust Recurring Cash Flows
Analysts have lifted their fair value estimate for Axon Enterprise from $895 to $925. This reflects updated assumptions around revenue growth, profitability, discount rate and future P/E after weighing recent research that highlights both sustained demand potential and mixed near term order trends.Narrative Update • Dec 21
AXON Will Balance Expanding Safety Market Opportunities With Execution And Competitive Risks
Analysts have raised their price target on Axon Enterprise by roughly $60 to reflect stronger expected revenue growth and the company’s expanding addressable market, even as they temper long term margin and valuation assumptions. Analyst Commentary Recent research updates highlight a generally constructive view on Axon’s long term growth prospects, but they also surface a set of more cautious perspectives around valuation, execution, and the durability of current growth rates.Narrative Update • Dec 07
AXON: AI And Drones Will Expand Long-Term Frontline Worker Market Reach
Axon Enterprise's analyst price target has been nudged higher toward the mid to upper $800s per share. Analysts point to sustained roughly 25% revenue growth, expanding product innovation in areas such as artificial intelligence and drones, and a large, underpenetrated addressable market that together support a premium valuation multiple despite some near term order volatility.Narrative Update • Nov 23
AXON: Expanding Into AI And Drones Will Drive Market Share Gains
Axon Enterprise's analyst price target has edged lower by approximately $1 to $822.50. Analysts cite sustained revenue growth and continued expansion opportunities, although recent results have led to more measured expectations.Narrative Update • Nov 07
AXON: Expanding Into AI And Drones Will Drive Future Market Leadership
Axon Enterprise’s analyst price target has been lowered from $884.69 to $823.67, as analysts cite a mixed quarterly report and concerns over recent order trends. These concerns are balanced by continued confidence in the company’s innovation and market opportunities.Narrative Update • Sep 02
Next-generation AI And Drones Will Transform Public Safety
Despite continued bullish sentiment around Axon's management strength, robust earnings outlook, and sector tailwinds in security and defense, analysts view much of this optimism as already priced in, resulting in a slight consensus price target reduction from $868.94 to $860.01. Analyst Commentary Bullish analysts highlight Axon's strong management team and robust earnings outlook, with ongoing high demand for its products and solutions.Narrative Update • Aug 06
Next-generation AI And Drones Will Transform Public Safety
Driven by a substantial improvement in net profit margin and a notable reduction in future P/E, analysts have raised Axon Enterprise’s consensus price target from $781.27 to $866.67. What's in the News Axon Enterprise raised full-year 2025 earnings guidance, now projecting revenue of $2.65B to $2.73B, reflecting roughly 29% annual growth at the midpoint, up from prior guidance of $2.60B to $2.70B.Seeking Alpha • Apr 20
Axon Enterprise: Strong Moat And Long Term Growth Support Hold, Despite High Valuation
Summary Axon Enterprises' strong moat is built on high switching costs and network effects, with impressive NRR and ARR growth, despite gross margin challenges. Axon's comprehensive ecosystem of hardware, software, and AI tools creates significant upselling opportunities and high switching costs for law enforcement agencies. International and enterprise markets offer substantial growth potential, with international bookings showing strong sequential growth and enterprise wins emerging as a key growth driver. Despite high valuation, Axon's robust ARR and NRR growth, along with international success, justify a hold rating, with potential for adding more if fundamentals remain strong. Read the full article on Seeking AlphaShareholder Returns
| AXON | US Aerospace & Defense | US Market | |
|---|---|---|---|
| 7D | -0.2% | -5.0% | -2.1% |
| 1Y | -19.5% | 21.0% | 18.8% |
Return vs Industry: AXON underperformed the US Aerospace & Defense industry which returned 21% over the past year.
Return vs Market: AXON underperformed the US Market which returned 18.8% over the past year.
Price Volatility
| AXON volatility | |
|---|---|
| AXON Average Weekly Movement | 10.6% |
| Aerospace & Defense Industry Average Movement | 9.5% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: AXON has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: AXON's weekly volatility (11%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 5,100 | Rick Smith | www.axon.com |
Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally. The company operates in two segments, Software and Services, and Connected Devices. The Software and Services segment develops, manufactures, and sells cloud-based software-as-a-service solutions to capture, store, manage, share, and analyze video and other digital evidence.
Axon Enterprise, Inc. Fundamentals Summary
| AXON fundamental statistics | |
|---|---|
| Market cap | US$52.46b |
| Earnings (TTM) | US$199.30m |
| Revenue (TTM) | US$3.22b |
250.4x
P/E Ratio15.5x
P/S RatioIs AXON overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AXON income statement (TTM) | |
|---|---|
| Revenue | US$3.22b |
| Cost of Revenue | US$1.30b |
| Gross Profit | US$1.92b |
| Other Expenses | US$1.72b |
| Earnings | US$199.30m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.45 |
| Gross Margin | 59.52% |
| Net Profit Margin | 6.19% |
| Debt/Equity Ratio | 47.1% |
How did AXON perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/20 01:47 |
| End of Day Share Price | 2026/08/20 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Axon Enterprise, Inc. is covered by 30 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Power | Baird |
| Timothy Long | Barclays |
| Jordan Lyonnais | BofA Global Research |