Is Wall Street Bullish or Bearish on Axon Enterprise Stock?
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With a market cap of $58.1 billion, Axon Enterprise, Inc. (AXON) develops and sells conducted energy devices under the TASER brand, along with a broad suite of hardware and cloud-based software solutions for public safety. Serving law enforcement and other safety sectors, Axon operates through its TASER and Software & Sensors segments.
Shares of the Scottsdale, Arizona-based company have significantly outperformed the broader market over the past 52 weeks. AXON has jumped 161.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 11.6%. Moreover, shares of Axon Enterprise are up 25.5% on a YTD basis, compared to SPX’s marginal gain.
Focusing more closely, the stun guns and body cameras maker has also outpaced the Industrial Select Sector SPDR Fund’s (XLI) 15.2% return over the past 52 weeks and an 8.8% YTD gain.
Shares of Axon Enterprise soared 14.1% following its Q1 2025 results on May 7. The company posted record revenue of $603.6 million, up 31% year over year, and adjusted EPS of $1.41, both beating estimates. Annual recurring revenue rose 34% to $1.1 billion, and software revenue led with 39% growth, reinforcing Axon’s high-margin business momentum. Additionally, Axon increased its full-year revenue guidance to $2.6 billion - $2.7 billion and EBITDA to $650 million - $675 million, boosting investor confidence.
For the fiscal year, ending in December 2025, analysts expect AXON’s EPS to decline 85.2% year-over-year to $0.31. The company's earnings surprise history is mixed. It topped the consensus estimates in one of the last four quarters while missing on three other occasions.
Among the 15 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 10 “Strong Buy” ratings, three “Moderate Buys,” and two “Holds.”
On May 8, Northland analyst Michael Latimore raised Axon's price target to $640 and maintained an “Outperform" rating, citing strong demand, robust bookings, and continued strength in software and services despite minor tariff-related concerns.
As of writing, AXON is trading above the mean price target of $720. The Street-high price target of $830 implies a potential upside of 11.2% from the current price levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.