Do Wall Street Analysts Like Axon Enterprise Stock?

With a market cap of $34.2 billion, Axon Enterprise, Inc. (AXON) is a public safety technology company that develops connected hardware, software, and cloud services for law enforcement, defense, and enterprise security customers. Founded in 1993 and headquartered in Scottsdale, Arizona, Axon is best known for its conducted-energy weapons (TASER devices) and body-worn camera systems, integrated through its proprietary Axon Cloud digital evidence platform.

Axon has significantly underperformed the broader market over the past year. Its stock prices have declined 19.9% over the past 52 weeks, compared to the S&P 500 Index’s ($SPX) 13% gains. On a YTD basis, AXON is down 23.6%, compared to SPX’s marginal drop.