Craig-Hallum analyst Jeremy Hamblin maintains $Axon Enterprise (AXON.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 49.1% and a total average return of 5.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Axon Enterprise (AXON.US)$'s main analysts recently are as follows:
The increased target valuation for Axon is maintained in anticipation of the Q3 earnings preview. Despite no signs of diminishing momentum for public safety companies, the high valuations at which they are traded have been causing investor unease ahead of the earnings announcements. There is an anticipation of more rigorous examination of the results and future projections. While acknowledging the concerns about the heightened scrutiny during the earnings period, it is anticipated that both Axon and its industry counterpart will meet investor expectations, which is likely to mitigate some of the valuation concerns by substantiating their premium market positions with their upcoming quarterly results.
The firm maintains strong confidence in ongoing trends and anticipates a robust third-quarter performance, outpacing expectations, propelled by sustained broad-based strength.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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