Axon Enterprise Inc's stock price increased by 4.54%, reaching a 20-day high, as the broader market showed positive momentum with the Nasdaq-100 up 0.34% and the S&P 500 up 0.18%.
This rise is attributed to sector rotation, as analysts note a cautious investment outlook for AI-related stocks, despite Morgan Stanley lowering Axon's price target from $760 to $713 while maintaining an 'Overweight' rating. The company's strategic focus on AI integration in law enforcement data management continues to position it favorably in the market.
Investors are encouraged to monitor Axon's developments closely, especially in light of its convertible note redemption announcement, which aims to optimize its capital structure and reduce future interest burdens.
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
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.
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
Northcoast
Keith Housum
Neutral -> Buy
upgrade
$742
2026-01-06
Reason
Northcoast
Keith Housum
Price Target
$742
AI Analysis
2026-01-06
upgrade
Neutral -> Buy
Reason
Northcoast analyst Keith Housum upgraded Axon to Buy from Neutral with a $742 price target.
Northcoast
Neutral -> Buy
upgrade
$742
2026-01-06
Reason
Northcoast
Price Target
$742
2026-01-06
upgrade
Neutral -> Buy
Reason
Northcoast upgraded Axon to Buy from Neutral with a $742 price target.
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Morgan Stanley
Meta Marshall
Overweight
downgrade
$760 -> $713
2025-12-17
Reason
Morgan Stanley
Meta Marshall
Price Target
$760 -> $713
2025-12-17
downgrade
Overweight
Reason
Morgan Stanley analyst Meta Marshall lowered the firm's price target on Axon to $713 from $760 and keeps an Overweight rating on the shares. The AI trade broadened out from semi names in 2025, helping infrastructure names, particularly within optical, notes the analyst, who believes that trade can continue, particularly in optical, through the first half of 2026. However, investors will "need to get more selective for full year returns given multiples," the analyst added in a year-ahead note on the group.
RBC Capital
Outperform
initiated
$860
2025-11-17
Reason
RBC Capital
Price Target
$860
2025-11-17
initiated
Outperform
Reason
RBC Capital initiated coverage of Axon with an Outperform rating and $860 price target. The company's 25% revenue growth should sustain, driven by cross-sell/up-sell opportunities within the U.S. state and local public safety market, continued penetration into emerging customer verticals, and expansion into new product categories, the analyst tells investors in a research note. RBC believes Axon has a "strong position in a large and growing addressable market."
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.
