Axon Enterprise Forms Strategic Partnership with Cassava Technologies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 28 Jan 26
Source: Benzinga
Axon Enterprise Inc. saw its stock drop 5.11% as it crossed below the 5-day SMA during regular trading.
The decline comes amid the announcement of a strategic partnership between Cassava Technologies and AXON Networks, aimed at co-developing Africa's first end-to-end Operator-as-a-Service (OaaS) platform. This collaboration is expected to leverage Cassava's extensive fiber network and AXON's Digital Twin technology to enhance mobile network operations and drive economic growth in the region.
Despite the stock's decline, the partnership could position Axon for future growth by tapping into the burgeoning digital transformation market in Africa, potentially offsetting current market challenges.
Analyst Views on AXON
Wall Street analysts forecast AXON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AXON is 800.38 USD with a low forecast of 610.00 USD and a high forecast of 925.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 509.580
Low
610.00
Averages
800.38
High
925.00
Current: 509.580
Low
610.00
Averages
800.38
High
925.00
About AXON
Axon Enterprise, Inc. is a technology company in global public safety. It is building the public safety operating system by integrating a suite of hardware devices and cloud software solutions that lead modern policing. Its segments include Connected Devices and Software & Services. Connected Devices segment includes the development, manufacture and sale of fully integrated hardware solutions such as conducted energy devices (CEDs), body cameras, drones, accessories, extended warranties and other hardware products. Software & Services segment includes the development and sale of fully integrated cloud-based software solutions such as Axon Evidence, Records Management System, Draft One and other software and services that enable law enforcement to securely store, manage, share and analyze video and manage operations. Its global customer base includes first responders across international, federal, state and local law enforcement, fire, corrections and emergency medical services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
