To predict the stock price of Axon Enterprise (AXON) for the next trading week, we analyze both fundamental and technical factors.
Axon Enterprise has shown strong financial performance, with Q4 revenue growing 34% year-over-year and earnings growing 84%. The company has a total addressable market of $129 billion, indicating significant growth potential. However, the stock is trading at over 90 times expected earnings, suggesting high expectations are already priced in.
The stock closed at $526.40 on Friday, March 7, 2025, and is currently 26.48% below its 52-week high. The RSI is 41, indicating potential oversold conditions. The MACD is negative, suggesting a bearish trend, but recent price action shows a 5.43% increase on Friday.
Based on the analysis, the stock is expected to reach $550 in the next trading week. This prediction considers the stock's rebound potential from oversold conditions and strong fundamentals.
Buy Axon Enterprise (AXON) if the stock dips near the Fibonacci support level of $488.82, as it may indicate a rebound opportunity.
The price of AXON is predicted to go up 3.9%, based on the high correlation periods with QUAD. The similarity of these two price pattern on the periods is 97.74%.
AXON
QUAD
Barclays
2025-02-27
Price Target
$585 → $726
Upside
+35.98%
Craig-Hallum
2025-02-20
Price Target
$625
Upside
+17.61%
TD Cowen
2025-01-08
Price Target
$700
Upside
+21.56%