Analysts Set Axon Enterprise Inc (AAXN) Price Target at $30.00

Axon Enterprise Inc (NASDAQ:AAXN) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $30.00.

A number of brokerages have issued reports on AAXN. Zacks Investment Research raised Axon Enterprise from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. BidaskClub lowered Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. increased their price target on Axon Enterprise from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, December 21st. Oppenheimer reaffirmed a “hold” rating on shares of Axon Enterprise in a research note on Friday, November 17th. Finally, Dougherty & Co decreased their price target on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th.

Several large investors have recently made changes to their positions in the company. Elephas Investment Management Ltd acquired a new stake in shares of Axon Enterprise during the 4th quarter valued at $822,000. Deutsche Bank AG lifted its position in shares of Axon Enterprise by 56.9% during the 4th quarter. Deutsche Bank AG now owns 185,503 shares of the industrial products company’s stock valued at $4,914,000 after acquiring an additional 67,265 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of Axon Enterprise by 62.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,000,627 shares of the industrial products company’s stock valued at $26,517,000 after acquiring an additional 385,793 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Axon Enterprise by 1,546.0% during the 4th quarter. Thrivent Financial For Lutherans now owns 32,919 shares of the industrial products company’s stock valued at $872,000 after acquiring an additional 30,919 shares during the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in shares of Axon Enterprise by 39.8% during the 4th quarter. Kennedy Capital Management Inc. now owns 324,430 shares of the industrial products company’s stock valued at $8,597,000 after acquiring an additional 92,393 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Shares of Axon Enterprise (NASDAQ:AAXN) traded up $1.08 during mid-day trading on Friday, reaching $27.92. The company had a trading volume of 605,864 shares, compared to its average volume of 556,561. Axon Enterprise has a 1-year low of $20.57 and a 1-year high of $28.17. The company has a market cap of $1,480.00, a price-to-earnings ratio of 111.68, a price-to-earnings-growth ratio of 3.66 and a beta of 1.23.

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Axon Enterprise Company Profile

Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.

Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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