Fintel reports that on July 17, 2024, B of A Securities initiated coverage of Axon Enterprise (NasdaqGS:AXON) with a Buy recommendation.
Analyst Price Forecast Suggests 14.29% Upside
As of July 4, 2024, the average one-year price target for Axon Enterprise is $363.17/share. The forecasts range from a low of $256.12 to a high of $420.00. The average price target represents an increase of 14.29% from its latest reported closing price of $317.77 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Axon Enterprise is 1,645MM, a decrease of 2.15%. The projected annual non-GAAP EPS is 3.27.
What is the Fund Sentiment?
There are 1,417 funds or institutions reporting positions in Axon Enterprise. This is an increase of 71 owner(s) or 5.27% in the last quarter. Average portfolio weight of all funds dedicated to AXON is 0.34%, an increase of 6.60%. Total shares owned by institutions decreased in the last three months by 2.41% to 71,430K shares. 
The put/call ratio of AXON is 1.01, indicating a bearish outlook.
What are Other Shareholders Doing?
Sands Capital Management holds 2,530K shares representing 3.35% ownership of the company. In its prior filing, the firm reported owning 2,629K shares , representing a decrease of 3.90%. The firm increased its portfolio allocation in AXON by 7.28% over the last quarter.
Capital International Investors holds 2,330K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 2,484K shares , representing a decrease of 6.61%. The firm increased its portfolio allocation in AXON by 2.61% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,238K shares representing 2.97% ownership of the company. In its prior filing, the firm reported owning 2,228K shares , representing an increase of 0.43%. The firm increased its portfolio allocation in AXON by 10.90% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 2,083K shares representing 2.76% ownership of the company. No change in the last quarter.
Franklin Resources holds 1,859K shares representing 2.46% ownership of the company. In its prior filing, the firm reported owning 1,889K shares , representing a decrease of 1.62%. The firm decreased its portfolio allocation in AXON by 86.04% over the last quarter.
Axon Enterprise Background Information
(This description is provided by the company.)
Axon is a network of devices, apps and people that helps public safety personnel become smarter and safer. With a mission of protecting life, its technologies give customers the confidence, focus and time they need to keep their communities safe. Its products impact every aspect of a public safety officer's day-to-day experience with the goal of helping everyone get home safe.
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This story originally appeared on Fintel.
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