
Axon Enterprise (AXON) Stock Forecast & Price Target
Axon Enterprise (AXON) Analyst Ratings
Bulls say
Axon Enterprise Inc demonstrated significant financial strength with operating cash flows increasing by $110.1 million year-over-year to a total of $250.2 million, and free cash flow (FCF) rising to $225.4 million, an increase of $109.3 million year-over-year. The company’s total contracted backlog also saw a substantial increase of $2.4 billion quarter-over-quarter, reaching $10.1 billion, with anticipated realization of 20-25% of this backlog over the next 12 months. Furthermore, Axon’s total revenue grew by 33% year-over-year, driven by robust growth in its TASER segment and the expanding Axon Cloud revenue line amidst a favorable budget environment for public safety initiatives.
Bears say
Axon Enterprise Inc. faces multiple challenges impacting its financial outlook, including a recent revenue decrease of $3.3 million and an adjustment to net income that may undermine investor confidence. The company's net revenue retention remained flat at 123%, raising concerns that growth could decelerate to 20% or lower annually due to ongoing global supply chain constraints and potential competition from alternative law enforcement technologies. Additionally, the risks associated with the TASER brand, including concerns over product performance and the sustainability of market share, further contribute to a negative sentiment surrounding Axon's future financial performance.
This aggregate rating is based on analysts' research of Axon Enterprise and is not a guaranteed prediction by Public.com or investment advice.
Axon Enterprise (AXON) Analyst Forecast & Price Prediction
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