CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Ryan Brothwell, Financial Journalist. Data refreshed daily. Not financial advice.
Axon Enterprise, Inc. (AXON) is trading at $408.42, below its 50-day and 200-day moving averages ($509.19 and $490.38), signaling a bearish technical trend. The company operates in the Industrials sector, specifically Aerospace & Defense, with a sector ETF of ITA. Despite a strong revenue growth rate of 35.3%, the stock's valuation appears stretched with a P/E ratio of 169.47, significantly higher than the sector median of 34. The current price-to-sales ratio of 10.31 also indicates a premium valuation. Analysts have a median price target of $700, suggesting a 71.4% upside, and the consensus rating is Strong Buy.
AXON at a glance
Axon Enterprise, Inc. (AXON): Sell, 21/100 on CleaRank's AI score.
TrendDown: the price is below both its 50- and 200-day moving averages ($509.19 and $490.38).
InsidersInsiders sold $208.9M and bought $1.0M over the last 18 months.
ValuationP/E of 169.5 against 34.0 for the Industrials sector: a premium to peers (+398%).
As of October 15, 2026, Axon Enterprise, Inc. (AXON) trades at $408.42. Wall Street's consensus target is $700.00 across 21 analysts. The 14-day RSI (daily closes) is 35, showing bearish momentum without being oversold, and the price is below its 50-day simple moving average of $509.19.
Figures as of October 15, 2026.
Only on CleaRank
Figures we compute ourselves from AXON's own price, earnings and insider-filing history. Tap one to see it in context.
Trading at a significant premium to sector peers (+398%), suggesting market expectations for superior growth or market position.
AXON Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
In the last 2 quarters, AXON beat the analyst estimate 1 time; the stock fell in the first session after 1 of those beats.
AXON earnings surprises and the stock's reaction
Report
EPS estimate
EPS actual
Surprise
First session
5 sessions
Aug 5, 2026
$1.84
$1.88
+2.17%
-14.28%
-1.59%
Jun 10, 2026
$0.43
$0.43
+0.00%
-0.31%
-5.49%
The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.
As of October 15, 2026, AXON has beaten the analyst EPS estimate in 1 of its last 2 reported quarters and fell in the first trading session after it; its latest report, on August 5, 2026, came in 2.17% above the estimate and the stock moved -14.28% in the first session.
AXON Analysis
Company's Health2/5
12-Month Analyst Target+71.39% above price
Median of 21 analysts (12-month)
$700.00
AI Analyst Consensus ScoreSell
Axon Enterprise, Inc. (AXON) is currently trading below its 50-day SMA of $509.19 and its 200-day SMA of $490.38, indicating a bearish trend. The 14-day RSI is at 34.77, classified as bearish momentum, suggesting a potential for further downside. Volume on the latest trading day was 1,039,355, which is 6.4% above the average volume, indicating increased activity but not necessarily a reversal signal. The current price action suggests downward pressure. The MACD is negative at -24.98, reinforcing the bearish sentiment. Investors should monitor the price action relative to these key moving averages for any signs of a trend reversal.
ProTips
Given the bearish technical setup, consider waiting for a confirmed break above the 50-day SMA ($509.19) before initiating or adding to a long position.
Key Catalysts
BearishHeavy Insider Selling Pressure
Insiders have sold $208.9 million worth of stock against only $1 million in purchases, indicating a strong net selling trend that could weigh on the stock price.
Source: Insider Transactions
BearishBearish Technical Indicators
The stock is trading below its 50-day and 200-day moving averages ($509.19 and $490.38), with a bearish RSI of 34.77, suggesting a negative short-to-medium term price trend.
Source: Technical Analysis
BullishStrong Analyst Price Targets
Wall Street analysts have a median price target of $700, representing a potential 71.4% upside from the current price, indicating strong conviction from the analyst community.
Source: Wall Street Summary
BullishStrong Revenue Growth Projections
The company is expected to maintain strong revenue growth, with current year estimates at +33.00% and next year at +29.00%, supported by strong long-term growth estimates.
Source: Wall Street Revenue Estimates
Market Outlook
Axon Enterprise, Inc. (AXON) faces a challenging near-term outlook due to bearish technical indicators and significant insider selling, despite strong long-term growth projections. While analysts remain bullish with a median target of $700, the heavy insider dispositions totaling $208.9 million raise concerns about management's short-term confidence. The company's high valuation multiples relative to its sector also present a risk. However, the long-term growth trajectory remains positive, with projected revenue growth of over 30% for the next two years and a 5-year average annual growth rate of 37.7%. A potential catalyst for a turnaround could be a significant improvement in insider sentiment or a clear break above the 50-day SMA. Conversely, continued selling pressure or a failure to meet aggressive growth expectations could lead to a re-rating of the stock downwards, potentially testing lower support levels.
Key Statistics
Market Cap
33.18B
P/E Ratio
169.47
EPS (TTM)
2.41
Dividend Yield
0.00%
52 Week High
764.02
52 Week Low
339.01
As of October 15, 2026, AXON trades at $408.42, with a market value of $33.18B and a P/E ratio of 169.47.
Axon Enterprise, Inc. (AXON) exhibits a high P/E ratio of 169.47, significantly exceeding the Industrials sector median of 34, and a price-to-sales ratio of 10.31, which is also above the sector average of 4.0. The company's return on equity stands at 6.22%, and its profit margin is 6.19%, both of which are below the sector median ROE of 17.8%. The debt-to-equity ratio is 0.50, which aligns with the sector average. While the company demonstrates strong revenue growth of 35.3%, its current valuation metrics suggest it is trading at a substantial premium compared to its peers. The earnings per share (EPS) of $2.41 further highlight the high P/E ratio. This valuation may be difficult to sustain without continued exceptional growth.
Earnings & Growth Analysis
Prior to that, on June 10, 2026, earnings were in line with estimates ($0.43 actual vs $0.43 estimate), with a minimal price change of -0.31%. The company has shown a mixed pattern of earnings performance relative to analyst expectations, with the most recent positive surprise resulting in a negative stock reaction.
Key Risks
Axon Enterprise, Inc. (AXON) faces significant risks from its elevated valuation, with a P/E ratio far exceeding sector averages, and heavy insider selling totaling $208.9 million. The bearish technical indicators, including the price trading below key moving averages and a low RSI, suggest potential for further price declines. Competitive pressures within the defense and technology sectors could also impact future growth and profitability.
Technical Indicators i
RSI (14-day)
34.77
MACD (12, 26)
-24.98
SMA (50-day)
509.19
SMA (200-day)
490.38
Technical RatingBearish
RSI
Bearish
SMA Cross
Bullish
Price vs SMA
Bearish
MACD
Bearish
Golden Cross in effect with the 50-day SMA ($509.19) above the 200-day SMA ($490.38), price is trading below the 50-day SMA.
As of October 15, 2026, with AXON at $408.42, its 14-day RSI is 34.8 (showing bearish momentum without being oversold), its 50-day simple moving average is $509.19 and its 200-day is $490.38.
Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.34
Weak correlation
Nasdaq 100 (QQQ)+0.33
Weak correlation
Bitcoin (BTC)+0.21
Weak correlation
Gold (XAU)+0.03
Weak correlation
As of October 15, 2026, AXON's 1-year correlation of daily returns is +0.34 with S&P 500 (SPY), +0.33 with Nasdaq 100 (QQQ), +0.21 with Bitcoin (BTC) and +0.03 with gold (XAU).
Check Custom Correlation
How does any other asset move with AXON? One year of daily closes, Pearson correlation.
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AXON Wall Street View
12-month price targets
Low $440.00Median $700.00 (+71.4%)High $830.00
The price, $408.42, sits below every analyst's target.
Ratings
Buy 18Hold 3Sell 03 months ago: 18 of 21 buy
Recent rating actions
Recent analyst rating actions on AXON
Date
Firm
Action
Rating
Sep 3, 2026
Argus Research
Maintains
Buy
Aug 6, 2026
UBS
Maintains
Neutral
Aug 6, 2026
Morgan Stanley
Maintains
Overweight
Aug 6, 2026
Piper Sandler
Maintains
Overweight
Aug 6, 2026
Barclays
Maintains
Overweight
Jul 13, 2026
Piper Sandler
Maintains
Overweight
As of October 15, 2026, 21 Wall Street analysts cover AXON: 18 rate it a buy or strong buy, 3 a hold and 0 a sell or strong sell. Their 12-month price targets range from $440.00 to $830.00, with a median of $700.00, 71.4% above the price of $408.42.
Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.
AXON Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Short entry pick an entry style
Conservative
$416.59
2% above current price
Lower risk, wait for rally
Aggressive
$408.42
Short at current price
Higher risk, chasing the move
Risk Management
STOP LOSS
$447.29
MAX LOSS
-7.4%
Volatility-Adjusted Stop Loss
Calculated based on RSI (34.8) and current market volatility
AXON moves about 3.0% a day on average, so a stop can fill well past its level. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in AXON in October 2016 would be worth about $178,194 today, compared with about $36,237 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
AXON Drawdowns & Recovery
Worst fall, last 10 years
-54.0%
August 2025 to May 2026
Recovery
Not yet
still 50.1% below the August 2025 peak
From the 10-year high
-53.1%
highest close, August 2025
1-year holds that gained
76%
of every 1-year window
As of October 15, 2026, AXON's worst peak-to-trough fall over the last 10 years was -54.0% (August 2025 to May 2026); it is still 50.1% below that peak, and 76% of 1-year holding periods ended with a gain.
From weekly closing values. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in AXON today could grow to about $29,742 by 2036 in the base case, with a 90th-percentile outcome near $221,613 and a 10th-percentile outcome around $3,992. Projections are statistical simulations, not guarantees.
AXON Stock Price Prediction: 2030
CleaRank's simulation projects a price near $632 for AXON by 2030 in the base case, from $408 today (1.5x over 4 years). The 10th-percentile path ends near $177. These are outcomes of a Monte Carlo simulation run on AXON's historical return distribution, not price targets, and they assume no dividends are reinvested.
AXON simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$241
$455
$860
2028
$207
$508
$1,247
2029
$189
$566
$1,702
2030
$177
$632
$2,250
2031
$170
$704
$2,914
Method: a lognormal simulation of AXON's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles. AXON is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation.
As of October 15, 2026, AXON insiders reported 63 open-market sales worth $208.9M and 1 open-market purchase worth $1.0M over the last 18 months; grants and option exercises are not counted.
Recent insider transactions in AXON
Date
Insider
Type
Shares
Value
Sep 11, 2026
FIELDS ISAIAH
Officer
Sell
1.0K
$488.6K
Sep 8, 2026
SMITH PATRICK W.
Chief Executive Officer
Sell
10.0K
$5.1M
Aug 31, 2026
ISNER JOSHUA M
President
Sell
16.8K
$9.6M
Aug 21, 2026
KUNINS JEFFREY C
Chief Technology Officer
Sell
9.6K
$6.0M
Aug 14, 2026
BAGLEY BRITTANY
Chief Operating Officer
Grant
30.6K
-
Aug 14, 2026
BROOKS CAMERON DAVID
Officer
Grant
15.8K
-
Aug 14, 2026
COUGHLIN ELIZABETH REID
Officer
Grant
6.8K
-
Aug 14, 2026
FIELDS ISAIAH
Officer
Grant
10.5K
-
Aug 14, 2026
ISNER JOSHUA M
President
Grant
82.1K
-
Aug 14, 2026
KUNINS JEFFREY C
Chief Technology Officer
Grant
24.4K
-
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Frequently Asked Questions
What are the key risks facing Axon Enterprise?
Key risks for Axon Enterprise (AXON) include its high valuation multiples, significant insider selling totaling $208.9 million, and bearish technical signals such as the stock trading below its 50-day and 200-day moving averages ($509.19 and $490.38).
How does Axon Enterprise's valuation compare to its sector?
Axon Enterprise (AXON) trades at a P/E ratio of 169.47 and a P/S ratio of 10.31, significantly higher than the Industrials sector medians of 34 and 4.0, respectively. Its ROE of 6.22% also lags the sector median of 17.8%.
What is the Wall Street consensus on Axon Enterprise stock?
Wall Street analysts maintain a Strong Buy consensus for Axon Enterprise (AXON), with 8 Strong Buys and 10 Buys out of 21 analysts. The median price target is $700, implying a 71.4% upside from the current price.
What is Axon Enterprise's revenue growth outlook?
Axon Enterprise (AXON) is projected to achieve strong revenue growth, with current year estimates at +33.00% and next year's estimates at +29.00%. Analysts expect revenue to reach $3.7 billion for the current year and $4.8 billion for the next year.
Is AXON in an uptrend?
No. Axon Enterprise, Inc. (AXON) trades at $408.42, below both its 50- and 200-day moving averages ($509.19 and $490.38). Its 14-day RSI on daily closes is 34.8, showing bearish momentum without being oversold.
Are insiders buying or selling AXON?
Selling, on balance. In the last 18 months, AXON's officers, directors and large holders reported 63 sales worth $208.9M and 1 open-market purchase worth $1.0M. Grants and option exercises are not counted as buying.
What is AXON's biggest drop in the last 10 years?
Axon Enterprise, Inc. (AXON)'s worst peak-to-trough fall over the last 10 years was -54.0%, from August 2025 to May 2026. It has not regained that peak yet and is still 50.1% below it. Over the same period, 76% of 1-year holding periods ended with a gain.
What are AXON's best and worst months?
Over the last 10 years, November has been AXON's strongest month on average (+11.62%, rising in 7 of 10 years) and September its weakest (-3.24%, rising in 4 of 10 years). Seasonal averages describe the past and do not predict a given year.
How closely does AXON move with the stock market?
Over the past year AXON's daily returns were weakly correlated with the S&P 500 (SPY) (+0.34). Nasdaq 100 (QQQ): +0.33; Bitcoin (BTC): +0.21; Gold (XAU): +0.03. A figure near +1 means the two usually move together; near 0 means little relationship.
What would $10,000 invested in AXON be worth today?
$10,000 put into AXON in October 2016 would be worth about $178,194 today, against about $36,237 for the same amount in the S&P 500.
