Fintel reports that on January 8, 2025, TD Cowen initiated coverage of Axon Enterprise (NasdaqGS:AXON) with a Buy recommendation.
Analyst Price Forecast Suggests 3.38% Upside
As of December 23, 2024, the average one-year price target for Axon Enterprise is $596.96/share. The forecasts range from a low of $256.12 to a high of $840.00. The average price target represents an increase of 3.38% from its latest reported closing price of $577.46 / share.
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The projected annual revenue for Axon Enterprise is 1,829MM, a decrease of 5.74%. The projected annual non-GAAP EPS is 4.06.
What is the Fund Sentiment?
There are 1,562 funds or institutions reporting positions in Axon Enterprise. This is an increase of 118 owner(s) or 8.17% in the last quarter. Average portfolio weight of all funds dedicated to AXON is 0.38%, an increase of 20.43%. Total shares owned by institutions increased in the last three months by 3.22% to 73,868K shares. 
The put/call ratio of AXON is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,271K shares representing 2.98% ownership of the company. In its prior filing, the firm reported owning 2,267K shares , representing an increase of 0.17%. The firm increased its portfolio allocation in AXON by 27.77% over the last quarter.
Sands Capital Management holds 2,110K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 2,560K shares , representing a decrease of 21.29%. The firm increased its portfolio allocation in AXON by 15.65% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 1,880K shares representing 2.47% ownership of the company. In its prior filing, the firm reported owning 1,821K shares , representing an increase of 3.13%. The firm increased its portfolio allocation in AXON by 29.02% over the last quarter.
Franklin Resources holds 1,856K shares representing 2.43% ownership of the company. In its prior filing, the firm reported owning 1,868K shares , representing a decrease of 0.66%. The firm decreased its portfolio allocation in AXON by 76.34% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,797K shares representing 2.36% ownership of the company. In its prior filing, the firm reported owning 1,803K shares , representing a decrease of 0.34%. The firm increased its portfolio allocation in AXON by 23.50% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
