Needham analyst Scott Berg upgraded Axon Enterprise (AAXN) to Buy today and set a price target of $70.00. The company’s shares closed last Monday at $52.41.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 14.8% and a 62.8% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Tyler Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Axon Enterprise with a $72.25 average price target, which is a 35.7% upside from current levels. In a report issued on October 29, Northland Securities also assigned a Buy rating to the stock with a $71.00 price target.
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The company has a one-year high of $74.93 and a one-year low of $39.43. Currently, Axon Enterprise has an average volume of 704.7K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAXN in relation to earlier this year.
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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.
