Short interest for Axon Enterprise gives investors a sense of the degree to which investors are betting on the decline of Axon Enterprise's stock. Short interest data is updated every two weeks.

Axon Enterprise Stock (NASDAQ:AXON), Short Interest Report

Axon Enterprise

Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and derives the majority of its revenue from the software & sensors segment and geographically from the United States.

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Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major large-cap companies.

US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What&#39;s Driving Markets Tuesday?

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3M Company (NYSE: MMM) is scheduled to release first-quarter 2024 results on Apr 30, before market open.


Here&#39;s How You Should Play 3M Stock Ahead of Q1 Earnings

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&#34;Mad Money Lightning Round,&#34; Jim Cramer recommended buying Cloudflare. &#34;I would buy it slowly because we&#39;ve got big selling going on in AI stock Meta,&#34; he added.

Jim Cramer: You&#39;re &#39;Dice Rolling&#39; With This Biopharma Stock, But Vista Energy Is &#39;A Good Situation&#39;

Axon Enterprise Inc

Axonics Inc

Barclays analyst Tim Long maintains Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Overweight and raises the price target from $308 to $381.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Axon Enterprise, Raises Price Target to $381

Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from <a href="https://www.benzinga.com/money/best-large-cap-stocks">major large-cap companies.</a>
Traders largely disregarded the latest hawkish comments from Minneapolis Fed President Neel Kashkari, who noted progress on inflation seen in the latter half of 2023 had stalled and mentioned the Federal Reserve might raise rates if inflation becomes persistent. 
Kashkari also revealed he initially predicted two rate cuts for the year, but now anticipated possibly maintaining two, or reducing to one or none by the June Summary of Economic Projections.
The S&amp;P 500 saw a modest increase of 0.2% around midday in New York, with similar gains in the tech-heavy Nasdaq 100 and the Dow Jones, all of which are poised for their fourth consecutive session of gains. The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), representing small caps, performed notably well, rising 0.8%.
Treasury yields declined slightly by about 6 basis points across various maturities from 5 to 30 years, with the 10-year benchmark decreasing to 4.4%, marking a fifth consecutive day of declines. This led to a continued rally in bonds, exemplified by a 1.1% increase in the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>).
In corporate news, chipmaker Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) saw its shares drop over 13% following weaker-than-expected guidance. Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) also fell sharply by over 10%, setting it on course for its worst performance day since November 2022.
In the cryptocurrency and precious metals markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remained stable at $63,800, while both gold and silver declined by 0.5%
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,072.99</td>
<td>0.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,193.42</td>
<td>0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,137.08</td>
<td>0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,914.33</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.3% to $518.80, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $389.01 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.3% to $441.54, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.1%, followed by the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>), 1%. The Consumer Discretionary Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) was the major laggard, down 0.3%.
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) climbed over 5% amid rumors of a potential partnership with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).</li>
<li>Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) rose over 3% after the company reported upbeat results during the previous quarter. On the other hand, Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) fell over 14% after posting mixed quarterly results</li>
<li>Other stocks reacting to earnings were GlobalFoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) up over 8%, Vertex Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>), Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) down over 10%, Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) up 1%, Transdigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>) down 2%, DBA Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) down 0.4%, Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) up 5%, Rockwell Automation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) up 1%, Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) down 1%, Williams Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) up 0.8%, Fidelity National Information Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) and Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) down 4%.</li>
<li>Companies reporting after the close include Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>), Luminar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>), Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>), Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Reddit, Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) and Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).</li>
</ul>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38670071/nvidia-is-de-facto-ai-standard-for-the-foreseeable-future-goldman-sachs-analyst-rev">Nvidia Is &#8216;De Facto AI Standard For The Foreseeable Future&#8217;: Goldman Sachs Analyst Revises Share Price Expectations</a>
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US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday?

Craig-Hallum analyst Jeremy Hamblin maintains Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Buy and raises the price target from $325 to $370.

Craig-Hallum Maintains Buy on Axon Enterprise, Raises Price Target to $370

WIIM

Axon Enterprise shares are trading lower. The company reported Q1 financial results.

JMP Securities analyst Erik Suppiger reiterates Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Market Outperform and maintains $375 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Axon Enterprise, Maintains $375 Price Target

Needham analyst Joshua Reilly reiterates Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Buy and maintains $400 price target.

Needham Reiterates Buy on Axon Enterprise, Maintains $400 Price Target

Axon To Acquire Dedrone, Terms Not Disclosed; Expects To Close In 2H 2024

Guidance

Axon Raises FY24 Revenue Outlook From $1.88B-$1.94B To $1.94B-$1.99B vs $2.35B Est.

Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $0.94 by 22.34 percent. The company reported quarterly sales of $460.736 million which beat the analyst consensus estimate of $441.566 million by 4.34 percent. This is a 34.31 percent increase over sales of $343.043 million the same period last year.

Earnings Beats

Axon Enterprise Q1 2024 Adj EPS $1.15 Beats $0.94 Estimate, Sales $460.736M Beat $441.566M Estimate

JMP Securities analyst Erik Suppiger maintains Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Market Outperform and raises the price target from $320 to $375.

JMP Securities Maintains Market Outperform on Axon Enterprise, Raises Price Target to $375

Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) has outperformed the market over the past 5 years by 25.09% on an annualized basis producing an average annual return of 36.73%. Currently, Axon Enterprise has a market capitalization of $23.45 billion. 
Buying $1000 In AXON: If an investor had bought $1000 of AXON stock 5 years ago, it would be worth $4,855.59 today based on a price of $310.75 for AXON at the time of writing.
<h3>Axon Enterprise's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714411819_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $4,900 Today

Morgan Stanley analyst Erik Lapinski maintains Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Equal-Weight and raises the price target from $285 to $310.

Morgan Stanley Maintains Equal-Weight on Axon Enterprise, Raises Price Target to $310

3M Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmm#NYSE">MMM</a>) is scheduled to release first-quarter 2024 results on Apr 30, before market open. 
The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 18.5%. In the last reported quarter, its earnings of $2.42 per share surpassed the consensus estimate of $2.31 by 4.8%.
<h3>Transportation &amp; Electronics Revenues to Aid Q1 Results</h3>
Solid momentum across the advanced materials business, commercial solutions business and strength across the auto original equipment manufacturer business, driven by increasing demand for global car and light truck bills, are likely to have augmented the Transportation and Electronics segment&#39;s revenues in the first quarter. 
The acquisition of technology assets of LeanTec (April 2022), which strengthened the company&#39;s ability to deliver a more connected, digital bodyshop solution via its RepairStack Performance Solutions, is also expected to have supported the company&#39;s results in the soon-to-be-reported quarter. 
3M is expected to have benefited from its restructuring actions, including headcount reduction, which are likely to have reduced costs and improved margins, in the first quarter. The company&#39;s operational execution, restructuring savings and spending discipline are likely to have positively impacted its results.
<h3>Not All Roses, Some Brickbats as Well</h3>
The decreasing demand for disposable respirators is expected to have hurt 3M&#39;s Safety and Industrial segment. The Consumer segment is expected to have put up a weak show in the upcoming earnings due to softness in home health, auto and stationery and office businesses. These setbacks are likely to have impacted the company&#39;s overall revenues in the to-be-reported quarter. The Zacks Consensus Estimate for the company&#39;s first-quarter 2024 revenues is pegged at $7.6 billion, suggesting a decline of 4.8% from the year-ago quarter&#39;s reported figure. 
Higher raw material, logistics costs and energy cost inflation are likely to have dented MMM&#39;s bottom line in the to-be-reported quarter. Also, given 3M&#39;s extensive presence in international markets, foreign currency headwinds are expected to have affected its profitability in the soon-to-be-reported quarter. 
Based on the trailing 12-month EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation and amortization), a commonly used multiple for valuing airline stocks, MMM is currently trading at 12.25X, above the 12.00X three-year median.
<div class="chart_embed">
<h3>3M Company Price and EPS Surprise <a href="https://www.zacks.com/stock/chart/MMM/price-eps-surprise?icid=chart-MMM-price-eps-surprise"> <img alt="3M Company Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/68/1714056069.png" style="height:263px; width:538px" title="" /> </a></h3>
3M Company price-eps-surprise | 3M Company Quote
</div>
<h3>What the Zacks Model Unveils</h3>
Our proven model does not conclusively predict an earnings beat for MMM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below. 
Earnings ESP: 3M has an Earnings ESP of -7.95% as the Most Accurate Estimate is pegged at $1.78 per share, which is lower than the Zacks Consensus Estimate of $1.93. You can uncover the best stocks before they&#39;re reported with our Earnings ESP Filter. 
Zacks Rank: 3M presently carries a Zacks Rank of 3.
<h3>Final Thoughts</h3>
Given the abovementioned points, we can safely conclude that investors should refrain from rushing to buy MMM, which is facing quite a few challenges. Instead, they should monitor the developments of the stock closely for a more appropriate entry point, as an erroneous and hasty decision could affect portfolio gains.
<h3>Stocks to Consider</h3>
Here are some companies, which according to our model, have the right combination of elements to beat on earnings in this reporting cycle. 
Atmus Filtration Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atmu#NYSE">ATMU</a>) has an Earnings ESP of +0.57% and a Zacks Rank of 1, at present. 
The company is slated to release first-quarter results on May 3. ATMU delivered a trailing four-quarter earnings surprise of 20.3%, on average. 
Chart Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtls#NYSE">GTLS</a>) has an Earnings ESP of +9.86% and a Zacks Rank of 2. The company is slated to release first-quarter 2024 results on May 3. 
Chart Industries&#39; earnings have surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing the mark in one, the average beat being 75.9%. 
Axon Enterprise, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axon#NASDAQ">AXON</a>) has an Earnings ESP of +5.97% and a Zacks Rank of 3, at present. 
The company is scheduled to release first-quarter 2024 results on May 6. Axon&#39;s earnings surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 58.7%. 
<a href="https://www.zacks.com/stock/news/2262648/here-s-how-you-should-play-3m-mmm-stock-ahead-of-q1-earnings?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2262648">To read this article on Zacks.com click here.</a>

Here's How You Should Play 3M Stock Ahead of Q1 Earnings

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer&nbsp;recommended buying Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>). &#8220;I would buy it slowly because we've got big selling going on in <a href="https://www.benzinga.com/markets/equities/24/03/37562085/why-cloudflare-shares-are-rising-today">AI stock Meta,&#8221; he added</a>.
On April 17, Cantor Fitzgerald analyst Yi Fu Lee reiterated Cloudflare with a Neutral and maintained a $100 price target.
Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) is still good, even here, Cramer said.
Axon is projected to report first-quarter 2024 financial results after the closing bell on Monday, May 6.
The &#8220;Mad Money&#8221; host said he likes First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>).
On April 23, Evercore ISI Group analyst Sean Morgan assumed First Solar with an Outperform rating and maintained a price target of $227.
Cramer said he would own Vista Energy, S.A.B. de C.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). &#8220;I think it's a good situation,&#8221; he added.
When asked about Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>), he said, &#8220;It's not that much worse than all the rest. I think you're OK.&#8221;
On April 17, Crown Castle reported upbeat first-quarter sales results.
Cramer said no to Astera Labs, Inc. (NASDAQ: ALAB. &#8220;You want to take the gain here,&#8221; he added.
On April 16, Evercore ISI Group initiated coverage on the stock with an Outperform rating and $100 price target.
&#8220;This is so speculative, I don't know, man. You're dice rolling here with this thing,&#8221; Cramer said when asked about Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>). &#8220;I'm not going to be in the dice roll game, it's too hard.&#8221;
On April 10, Needham analyst Serge Belanger reiterated Liquidia with a Buy and maintained a $28 price target.
Price Action:
<ul>
<li>Axon Enterprise shares rose 0.3% to settle at $302.41 on Wednesday.</li>
<li>Cloudflare shares fell 0.2% to settle at $87.68.</li>
<li>Liquidia shares fell 3.1% to close at $12.55 on Wednesday.</li>
<li>First Solar shares fell 1.5% to close at $177.48 on Wednesday.</li>
<li>Vista shares fell 1.8% to close at $43.39.</li>
<li>Crown Castle shares fell 0.03% to settle at $95.44 on Wednesday.</li>
<li>Astera Labs shares fell 1% to close at $70.99 on Wednesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38405528/over-1m-bet-on-citi-trends-check-out-these-3-stocks-insiders-are-buying">Over $1M Bet On Citi Trends? Check Out These 3 Stocks Insiders Are Buying</a>
Image: Shutterstock

Jim Cramer: You're 'Dice Rolling' With This Biopharma Stock, But Vista Energy Is 'A Good Situation'

Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) has outperformed the market over the past 5 years by 26.78% on an annualized basis producing an average annual return of 38.88%. Currently, Axon Enterprise has a market capitalization of $24.00 billion. 
Buying $100 In AXON: If an investor had bought $100 of AXON stock 5 years ago, it would be worth $523.42 today based on a price of $317.98 for AXON at the time of writing.
<h3>Axon Enterprise's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712849419_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Axon Enterprise 5 Years Ago Would Be Worth This Much Today

JP Morgan analyst Paul Chung maintains Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Overweight and raises the price target from $330 to $365.

JP Morgan Maintains Overweight on Axon Enterprise, Raises Price Target to $365

Needham analyst Joshua Reilly maintains Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Buy and raises the price target from $315 to $400.

Needham Maintains Buy on Axon Enterprise, Raises Price Target to $400

Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) has outperformed the market over the past 5 years by 29.07% on an annualized basis producing an average annual return of 41.9%. Currently, Axon Enterprise has a market capitalization of $23.56 billion. 
Buying $100 In AXON: If an investor had bought $100 of AXON stock 5 years ago, it would be worth $566.20 today based on a price of $312.88 for AXON at the time of writing.
<h3>Axon Enterprise's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711746013_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $600 Today

Argus Research analyst John Staszak initiates coverage on Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Buy rating and announces Price Target of $380.

Initiation

Argus Research Initiates Coverage On Axon Enterprise with Buy Rating, Announces Price Target of $380

Axon to purchase Dedrone

Axon Enterprise Non-GAAP EPS of $1.15, revenue of $460.74M

Axon Enterprise, Inc. (AXON) Q1 2024 Earnings Call Transcript

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Axon Enterprise (NASDAQ:<a href="https://investorplace.com/stock-quotes/axon-stock-quote/">AXON</a>) just reported results for the first quarter of 2024.<ul><li>Axon Enterprise reported earnings per share of $1.15. This was above the analyst estimate for EPS of 94 cents.</li><li>The company reported revenue of $460.74 million.</li><li>This was 4.34% better than the analyst estimate for revenue of $441.57 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/axon-stock-earnings-axon-enterprise-for-q1-of-2024/">AXON Stock Earnings: Axon Enterprise Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AXON Stock Earnings: Axon Enterprise Beats EPS, Beats Revenue for Q1 2024

In a report released today, Trevor J. Walsh from JMP Securities reiterated a Buy rating on Axon Enterprise (AXON – Research Report), with a price t...

Axon Enterprise (AXON) Gets a Buy from JMP Securities

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Axon Enterprise (AXON – Research Report), Sp...

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Axon Enterprise (AXON), Spirit Airlines (SAVE) and Geo Group (GEO)

Axon: Strong Q1, Reiterate Buy

There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Axon Enterprise (AXON – Research Report) and B...

Analysts Offer Insights on Industrial Goods Companies: Axon Enterprise (AXON) and BWX Technologies (BWXT)

Axon Enterprise, Inc. (AXON) has disclosed a new risk, in the Regulation category. Axon Enterprise, Inc. faces significant legal and compliance ris...

Legal Battles and IP Risks: Navigating Axon Enterprise's Financial Uncertainties

In a report released on May 7, Mike Ng from Goldman Sachs maintained a Buy rating on Axon Enterprise (AXON – Research Report), with a price target ...

Buy Rating Affirmed for Axon Enterprise Amidst Strong Q1 Performance and Strategic Growth Initiatives

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SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Axon Enterprise, Inc. (NASDAQ: AXON) and Encourages Long-Term Investors to Contact the Firm

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Axon Enterprise Stock (NASDAQ:AXON), Short Interest Report

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