On August 11, Axon Enterprise, Inc. rose 3.54% in regular trading, trading at approximately $617 per share, with turnover of $110 million. The stock continued its rebound driven by better-than-expected Q2 results and multiple analyst endorsements.
The company reported Q2 revenue of $904.4 million, up 35.3% year-over-year and surpassing the consensus estimate of $876.4 million. Non-GAAP EPS came in at $1.88, also beating expectations of $1.84. Management raised full-year revenue growth guidance to 32%-34%, up from the prior 30%-32% range. Morgan Stanley characterized the quarter as delivering clean results, noting that $15.1 billion in future contracted bookings met expectations and signal a healthy underlying demand environment, projecting 33% revenue growth this year and 34% next year.
Additionally, Piper Sandler raised its price target to $724 and Needham lifted its target to $750, both maintaining bullish ratings. The consensus mean target stands at approximately $686, well above current levels, supporting the ongoing recovery from the AI-sector-driven selloff in prior weeks.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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