Barclays analyst Tim Long maintains $Axon Enterprise (AXON.US)$ with a buy rating, and adjusts the target price from $387 to $585.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Axon Enterprise (AXON.US)$'s main analysts recently are as follows:
Axon's robust performance persisted into the third quarter, with revenue surging by 32%, marking the third consecutive quarter of growth exceeding 30%. The company experienced widespread strength during this period, with the Taser segment being particularly remarkable. This success is not merely attributed to an advance in demand for the T10 model, but rather the company's capability to dispatch its existing production capacity along with the solid performance of some of its prior models.
The company reported another significant outperformance, with a notable increase in both revenue and margins. This was supported by a 32% growth in total revenue, which was the result of widespread strength across the board.
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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