In a report released today, William Power from Robert W. Baird reiterated a Hold rating on Axon Enterprise Inc (NASDAQ: AAXN), with a price target of $69. The company’s shares closed yesterday at $67.62, close to its 52-week high of $76.45.
According to TipRanks.com, Power is a 5-star analyst with an average return of 16.8% and a 67.5% success rate. Power covers the Technology sector, focusing on stocks such as Vonage Holdings, RingCentral, and Twilio Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Axon Enterprise Inc with a $64.88 average price target.
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Based on Axon Enterprise Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $8.49 million. In comparison, last year the company had a net profit of $2.28 million.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2018, Richard Carmona, a Director at AAXN bought 13,870 shares for a total of $100,003.
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Axon Enterprise, Inc. engages in the development, manufacture, and sale of conducted electrical weapons for personal defense. It operates through the TASER Weapons and Software and Sensors segments. The TASER Weapons segment sells conducted electrical weapons, accessories, and other related products and services.
