3 Reasons Axon Enterprise Stock Could Rise
Tasers and body cameras are becoming big businesses, but that doesn't mean the leader in those markets, Axon Enterprise (NASDAQ: AAXN), has been a great stock recently. In fact, in the past year, the company's share price has fallen 11%, despite revenue growing 43% in the first quarter. Clearly, business growth does not always equal share price growth.
In Axon's case, investors haven't reacted positively to Axon's management spending ever growing sums of money on R&D and sales staff to grow the business. But long-term these investments could pay off for investors willing to ride out the dip in profitability that comes with that investment.
To jump-start the stock, investors will likely need confidence that investments in growth will pay off and the bottom line will improve. Here's what investors should be looking for.
Source: Fool.com
Axon Enterprise INC Stock
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Axon Enterprise INC.
With a target price of 310 € there is a slightly positive potential of 5.66% for Axon Enterprise INC compared to the current price of 293.4 €.
