Key statistics
Previous close$541.75
Open$530.02
Day high$538.96
Day low$507.11
52-week high$885.92
52-week low$339.01
Market cap41.13B
Volume854.88K
Average volume1.15M
P/E ratio72.38
Forward P/E48.12
EPS7.05
Dividend yield0.00%
Market context
Why it moved
AXON shares declined sharply as broader market weakness tied to a global AI and semiconductor selloff, driven by concerns over AI spending sustainability and systemic deleveraging, weighed on high-growth tech stocks, compounded by notable institutional position reductions including Jennison Associates cutting its stake and continued insider selling by company executives.
What is happening
Recent company-specific developments and publisher coverage.
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
July 9, 2026Axon Enterprise shares tumbled roughly 6%, underperforming the broader industrials sector (XLI), as a sweeping risk-off selloff gripped Wall Street after President Trump declared the U.S.-Iran ceasefire 'over,' sending oil prices surging more than 5% and stoking inflation fears. The macro-driven decline came despite a constructive backdrop for Axon — Needham raised its price target to $750 from $600 just days earlier citing durable bookings growth, the company recently secured a contract expansion with the LAPD that more than doubles annual spending to $22 million, and Q1 results showed 33.7% revenue growth with AI-related product revenue up over 700% year-over-year.-6.3486
Simply Wall Street · July 18, 2026Axon Enterprise (AXON) Following Board Additions And A Fresh Undervalued Narrative↗TIKR.com · July 15, 2026Axon Stock Is Down 46% From Its High. Here’s Why the Business Doesn’t Reflect That↗Investing.com · May 13, 2026Earnings call transcript: Axon Enterprise Q1 2026 beats forecasts with strong growth↗PR Newswire · May 6, 2026Axon reports Q1 2026 revenue of $807 million, up 34% year over year↗Responsible 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 TodayBenzinga · July 13, 2026Piper Sandler Maintains Overweight on Axon Enterprise, Raises Price Target to $724Benzinga · July 7, 2026$1000 Invested In Axon Enterprise 5 Years Ago Would Be Worth This Much TodayMt Newswire · July 6, 2026Needham Adjusts Price Target on Axon Enterprise to $750 From $600Benzinga · July 6, 2026Needham Maintains Buy on Axon Enterprise, Raises Price Target to $750Benzinga · 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 FilingBenzinga · June 30, 2026Why Is Axon Enterprise Stock Surging On Tuesday?
