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Axon Enterprise, Inc.

AXON · NASDAQ

Market open$526.50$16.22 (+3.18%)

Key statistics

Previous close$510.28
Open$502.98
Day high$532.19
Day low$500.86
52-week high$885.92
52-week low$339.01
Market cap42.44B
Volume618.28K
Average volume1.16M
P/E ratio74.68
Forward P/E49.65
EPS7.05
Dividend yield0.00%

Market context

Why it moved

Axon Enterprise shares declined sharply as the stock continues to trade well below its all-time highs despite strong quarterly earnings, weighed down by a broader AI and tech sector selloff driven by deleveraging, institutional distribution, and growing skepticism over the sustainability of high-growth valuations, compounded by insider selling and a major institutional investor reducing its stake.

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What is happening

Recent company-specific developments and publisher coverage.

July 20, 2026Axon Enterprise gained nearly 3%, rebounding off session lows, as investors responded to a detailed bull case highlighting accelerating AI and drone bookings growth — with Q1 AI bookings up 140% year-over-year and Dedrone bookings surging 500%. Despite the stock trading roughly 41% below its all-time high following a sharp drawdown in April, analysts maintain a consensus Moderate Buy rating with an average price target of $725.25, implying significant upside. The rebound comes amid a mixed macro backdrop — Middle East tensions pushed oil above $90/bbl and pressured the broader industrials sector (XLI edging lower), while Q2 earnings season gets underway with S&P 500 beats tracking well above historical averages.

3.2072

July 18, 2026Axon Enterprise tumbled nearly 6% as a broad risk-off sell-off swept through growth and technology-adjacent stocks, compounded by escalating U.S.-Iran military tensions and a deteriorating AI sentiment narrative that rattled high-multiple names. Despite Axon's strong fundamentals — 33.7% revenue growth last quarter, $14.3B in future contracted bookings, and a consensus Moderate Buy with a $725 average price target — the stock remains well off its 52-week high of $885.91, and a recent Zacks downgrade to Hold adds to near-term caution even as institutional investors like Wellington and Baillie Gifford have significantly expanded positions.

-5.809

July 17, 2026Axon Enterprise closed essentially flat amid a broader tech-driven market selloff, with AI and semiconductor stocks facing renewed selling pressure. Investor focus is shifting toward Axon's upcoming Q2 2026 earnings, with analysts widely bullish — 15 Buy ratings and a consensus target of ~$725 — buoyed by its Q1 beat featuring 33.7% revenue growth and record $14.3B in future contracted bookings. CEO Patrick W. Smith sold 10,000 shares on July 7 under a pre-arranged 10b5-1 plan, while Piper Sandler recently raised its price target to $724, reinforcing the constructive Wall Street view ahead of results.

0.1164

July 16, 2026Axon Enterprise closed modestly lower as investors turned cautious ahead of the company's upcoming Q2 2026 earnings report, with analysts forecasting a sharp year-over-year EPS decline to $0.30. Despite nine consecutive quarters of 30%+ revenue growth and a consensus 'Moderate Buy' rating with an average price target of $677–$725, the stock remains roughly 40% below its 52-week high of $885.91. Broader sector headwinds weighed as well, with industrials underperforming amid U.S.-Iran tensions driving oil prices higher and Morgan Stanley urging greater selectivity in aerospace and defense ahead of Q2 earnings season.

-1.122

July 15, 2026Axon Enterprise closed essentially flat on Tuesday, giving back earlier intraday gains even as broader markets rallied on a cooler-than-expected June CPI report. Investor attention is turning toward Axon's upcoming Q2 2026 earnings, with analysts projecting a sharp year-over-year EPS decline to $0.30, though the company has a strong track record of revenue beats — most recently posting Q1 revenue of $807M, up 34% YoY. Piper Sandler raised its price target to $724 with an overweight rating, and the consensus remains 'Moderate Buy' at ~$725. In after-hours trading, shares climbed 1.2%, while insider selling and a rich valuation (P/E of ~220x) continue to temper enthusiasm.

0.042

July 14, 2026Axon Enterprise fell sharply as broader risk-off sentiment, driven by renewed U.S.-Iran military strikes and surging oil prices, weighed on equities broadly. The decline came despite continued analyst bullishness — Piper Sandler raised its price target to $724 (Overweight) and Needham lifted its target to $750 — and with the company's Q2 2026 earnings report on the horizon, where analysts project EPS of $0.30 on the back of its strong Q1 showing of 34% revenue growth. Insider selling has also been a headwind, with CEO Patrick Smith having sold 10,000 shares on July 7 under a pre-arranged plan.

-3.3174

July 11, 2026Axon Enterprise fell nearly 3% Thursday, underperforming the broader S&P 500, which closed modestly higher, as a combination of valuation concerns and ongoing insider selling weighed on sentiment. CEO Patrick Smith sold 10,000 shares at ~$644 on July 7, part of a pattern that has seen insiders offload nearly 49,000 shares worth ~$24M over the past 90 days. Geopolitical headwinds from the ongoing U.S.-Iran conflict added broader market uncertainty, while some analysts flagged the stock as fully valued after its sharp recent run-up, even as Needham maintains a $750 target and the consensus sits at $722.

-2.7835

July 10, 2026Axon Enterprise shares fell nearly 3% on Thursday, bucking the broader industrials sector (XLI closed flat) as renewed U.S.-Iran military exchanges reignited geopolitical and inflation concerns across markets. Despite the session's pullback — which extended into after-hours, with shares sliding an additional ~1% to around $576 — the longer-term narrative remains constructive: Needham raised its price target to $750, Axon was upgraded to a Zacks Strong Buy, and the LAPD contract expansion to $22M annually reinforces demand for its public safety platform. Persistent insider selling (nearly $24M in 90 days) and valuation debate — with some analysts arguing the stock is fully priced at ~16x P/S — continue to temper enthusiasm even as Q1 revenue surged 34% YoY to a record $807M.

-2.9677

Ad-hoc-news.de · July 20, 2026Axon Enterprise stock trades near record levels as recurring revenue and margins expandTIKR.com · July 20, 2026Axon Stock Could Offer 228% Upside. Here’s the Catch.Simply Wall Street · July 18, 2026Axon Enterprise (AXON) Following Board Additions And A Fresh Undervalued NarrativeQuiver Quantitative · June 23, 2026Axon Enterprise gains as investors appear to lean into AI and growth momentumInvesting.com · May 13, 2026Earnings call transcript: Axon Enterprise Q1 2026 beats forecasts with strong growthPR Newswire · May 6, 2026Axon reports Q1 2026 revenue of $807 million, up 34% year over yearStock Titan · April 22, 2026Axon schedules May 6 results webinar, lines up six conferencesResponsible Investor · March 3, 2026Judge orders Axon to work with investor on ‘compromise’ shareholder proposal
Benzinga · July 15, 2026$1000 Invested In Axon Enterprise 5 Years Ago Would Be Worth This Much Today
Benzinga · July 13, 2026Piper Sandler Maintains Overweight on Axon Enterprise, Raises Price Target to $724
Benzinga · July 7, 2026$1000 Invested In Axon Enterprise 5 Years Ago Would Be Worth This Much Today
Mt Newswire · July 6, 2026Needham Adjusts Price Target on Axon Enterprise to $750 From $600
Benzinga · July 6, 2026Needham Maintains Buy on Axon Enterprise, Raises Price Target to $750
Benzinga · July 1, 2026Hillary Clinton Escalates Trump Criticism, Cites Reports Linking Stock Purchases to Federal ICE Contract Decisions: 'Unprecedented Corruption'
Mt Newswire · June 30, 2026Axon Enterprise Insider Sold Shares Worth $5,000,018, According to a Recent SEC Filing
Benzinga · June 30, 2026Why Is Axon Enterprise Stock Surging On Tuesday?

Peers

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