Axon (AAXN) Reaching An Inflection Point; Raymond James Initiates Shares At Outperform with $79.0 target

September 14, 2018 - By Christine McCrea

Why Has Raymond James Given Axon (AAXN) a $79.0 Price Target

In a note revealed to clients today, Raymond James analysts has initiated Axon (AAXN) coverage with Outperform rating, and a $79.0 target.

Axon Enterprise, Inc. (NASDAQ:AAXN) Ratings Coverage

Among 11 analysts covering Axon Enterprise (AAXN), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Axon Enterprise has $80 highest and $4500 lowest target. $66’s average target is -10.09% below currents $73.41 stock price. Axon Enterprise had 13 analyst reports since March 16, 2018 according to SRatingsIntel. The rating was initiated by Northland Capital on Thursday, March 29 with “Buy”. The company was downgraded on Friday, March 16 by C.L. King. William Blair initiated the stock with “Buy” rating in Tuesday, May 29 report. The rating was downgraded by Craig Hallum on Wednesday, August 8 to “Hold”. The firm has “Neutral” rating by CL King given on Friday, March 16. The stock of Axon Enterprise, Inc. (NASDAQ:AAXN) has “Outperform” rating given on Thursday, August 9 by Imperial Capital. On Wednesday, May 9 the stock rating was maintained by J.P. Morgan with “Buy”. J.P. Morgan downgraded the stock to “Hold” rating in Thursday, June 7 report. JP Morgan downgraded the stock to “Neutral” rating in Thursday, June 7 report. Imperial Capital maintained the stock with “In-Line” rating in Thursday, May 10 report.

The stock increased 2.77% or $1.98 during the last trading session, reaching $73.41. About 550,275 shares traded. Axon Enterprise, Inc. (AAXN) has risen 214.81% since September 15, 2017 and is uptrending. It has outperformed by 199.19% the S&P500.

Analysts await Axon Enterprise, Inc. (NASDAQ:AAXN) to report earnings on November, 6. They expect $0.06 earnings per share, up 500.00 % or $0.05 from last year’s $0.01 per share. AAXN’s profit will be $3.50M for 305.88 P/E if the $0.06 EPS becomes a reality. After $0.15 actual earnings per share reported by Axon Enterprise, Inc. for the previous quarter, Wall Street now forecasts -60.00 % negative EPS growth.

Axon Enterprise, Inc. develops, manufactures, and sells conducted electrical weapons worldwide. The company has market cap of $4.28 billion. The firm operates through two divisions, TASER Weapons and Axon. It has a 205.63 P/E ratio. It offers TASER X26P and TASER X2 smart weapons for law enforcement; TASER C2 and TASER Pulse CEWs for the consumer market; and replacement cartridges.

More notable recent Axon Enterprise, Inc. (NASDAQ:AAXN) news were published by: Benzinga.com which released: “22 Stocks Moving In Monday’s Pre-Market Session” on September 10, 2018, also Benzinga.com with their article: “Raymond James: Axon Still Underappreciated After 170% Pop” published on September 14, 2018, Seekingalpha.com published: “Axon Enterprise: Thru The Eyes Of A Gardener” on September 11, 2018. More interesting news about Axon Enterprise, Inc. (NASDAQ:AAXN) were released by: Fool.com and their article: “Why I Don’t Buy Axon Enterprise’s SaaS Claim” published on August 26, 2018 as well as Fool.com‘s news article titled: “5 Stocks You Can Buy and Hold for the Next Decade” with publication date: August 24, 2018.

Axon Enterprise, Inc. (NASDAQ:AAXN) Ratings Chart

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