NASDAQ: AXON

Axon Enterprise (AXON) Stock Analysis & Forecast

Nov 4 close

$424.18+7.61 (+1.8%)

Gekko Brief

AI summaryNov 4 close

Axon shares have drifted lower into the Q3 2026 earnings call scheduled for 5 November, with coverage this week focused on pre-earnings positioning, analyst commentary, and comparisons against peers such as Monday.com, Fastly, and ServiceNow. Several firms, including TD Cowen, Piper Sandler, Argus Research, UBS, and Morgan Stanley, have maintained their ratings ahead of the report. Shares fell 2.08% on Tuesday to $416.57, marking a third consecutive down day, before closing at $424.18, up 1.8%.

The stock trades below both its 50-day average of $451.99 and its 200-day average of $475.70, with the 50-day itself below the 200-day, reflecting a one-month return of 1.3% against a six-month gain of 9.9% and a one-year decline of 41.4%. The GekkoIndex reads 59.4, placing AXON in the Neutral zone. Price sits 22% below the Gekko Fair Value of $543.61.

Axon reports Q3 2026 earnings after the close on 5 November, falling inside a typical 20-trading-day holding window; its last report on 5 August showed EPS of $1.88 against a $1.84 estimate, with a -14% reaction, and it has beaten estimates in 7 of the last 8 quarters. In the last 30 days, 2 unusual options signals appeared, with call premium of $1,893,225 against put premium of $144,490. Seasonality over 5 years shows a 9.4% average 20-day return from this point, with gains in 3 of those years. Analyst consensus among 14 firms stands at 13 buy, 1 hold, with a target of $680.37.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Axon Enterprise price vs fair value

$543.61$424.18Nov ’25May ’26Nov ’26
Close $424.18200-day averageGekko Fair Value $543.61

Axon Enterprise quick facts

Market cap
$34.46B
P/E ratio
176.5
Forward P/E
42.6
EPS, TTM
$2.41
Revenue, TTM
$3.22B
Profit margin
6.2%
Dividend yield
—
Beta
1.47
Volume
850,180 avg 926,420
1-year return
−41.4%
Typical daily move
±4.2%
Typical 20-day move
±8.7%
50-day average
$451.99
200-day average
$475.70
Next earnings
Nov 5 after close
Shares outstanding
81.24M
52-week range
$339.01$719.92

Axon Enterprise swing-trade checklist

Axon Enterprise scores 3 supportive, 1 mixed and 2 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed2 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $424.18 is below the 50-day ($451.99) and 200-day ($475.70) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexmixed

    59.4, Neutral

    Reading 59.4 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    22.0% below

    Price is 22% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 30 days: 2 unusual options signals.

    See smart money
  • Earnings riskheadwind

    Reports today

    Reports on Nov 5, 2026, today — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +9.4% on average

    From this point in the calendar, the next 20 trading days averaged +9.4% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Axon Enterprise stock chart and price history

Axon Enterprise closed at $424.18 on Nov 4, 2026, −41.4% over the past year, inside a 52-week range of $339.01 to $719.92.

Close50-day average200-day averageVolume
Axon Enterprise share price, past year, with 50-day and 200-day moving averages and volume$500$600$700DecJan 2026FebMarAprMayJunJulAugSepOct424.18

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+1.3%
3 months
−18.8%
6 months
+9.9%
1 year
−41.4%
The full AXON chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open AXON in Gekko

Follow Axon Enterprise through every session

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About Axon Enterprise

Axon Enterprise builds conducted energy weapons marketed under the TASER name and pairs them with hardware and cloud-based software used to record, store, and review video and other digital evidence. Police and other law enforcement bodies, both in the United States and abroad, form its customer base. Its offerings include body-worn cameras, in-car camera systems branded Axon Fleet, and a cloud platform called Axon Evidence for organizing recorded material, plus supporting gear like mounting docks, replacement cartridges, and batteries.

The business is structured around two segments, one centered on TASER weapons and their cartridges and the other on connected software and sensor products. Axon sells through its own sales staff, outside distributors, an e-commerce site, and approved resellers. It also works with Fusus, Inc. to add capability to its Axon Respond service and to a cloud-based crime center offering, giving agencies live visibility into incidents and support for follow-up investigations.

Axon Enterprise was established in 1993 and operates out of Scottsdale, Arizona. Its shares are listed on the NASDAQ under the ticker AXON.

Listed
NASDAQ
Sector
Electronic technology
Industry
Aerospace & defense
Website
axon.com

Axon Enterprise GekkoIndex: the smart money zone

Axon Enterprise’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 59.4, in the Neutral zone, down 0.3 points over five sessions.

010059.4Neutral

Down 0.3 points over five sessions.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying43−1.6%+0.4%+6.9%−1.0%
Accumulation207+2.0%+3.7%+3.2%+7.7%
Neutral (current zone)345+0.4%+0.7%+1.0%+5.1%
Distribution90+0.4%−0.2%+5.9%+14.8%
Selling12−0.1%+0.5%+3.9%+8.9%

Average AXON share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.0% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the AXON price, zone by zone.Track AXON in Gekko

Is Axon Enterprise stock overvalued? Gekko Fair Value

Axon Enterprise trades 22.0% below Gekko Fair Value of $543.61, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Axon Enterprise shares are worth, recalculated every trading day.

$543.61

Gekko Fair Value, Nov 4, 2026

22.0% Undervalued

At the end of Aug 2026 the price was 12.4% below the estimate.

Gekko Fair ValueShare price, month end
$544$417Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open AXON in Gekko

Axon Enterprise insider and Congress trading

No open-market insider purchases were filed for Axon Enterprise, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for AXON in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every AXON insider filing, plotted on the chart in Gekko.Open AXON in Gekko

Congress trades last 90 days

No trades in AXON were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for AXON, plotted on the chart in Gekko.Open AXON in Gekko

Buybacks

Axon Enterprise has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$130.0M
As a share of market cap
0.38%

From company filings.

Unusual options activity last 30 days

2signals, 93% of the flagged premium in calls.

Latest: Bullish flow on Oct 21, $734K in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

3of the funds Gekko tracks hold AXON.

1added0opened2trimmed3sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Axon Enterprise earnings: next date and track record

Axon Enterprise reports on Nov 5, 2026, after the close (today), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±17.2%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

+31.3%Nov ’24+14.5%Feb ’25+14.2%May ’25+16.8%Aug ’25−11.7%Nov ’25+22.8%Feb ’26+12.2%May ’26−14.0%Aug ’26

Last earnings call, Aug 5, 2026 AI summary

What they said
Axon reported a record Q2 2026 quarter with 39% growth, though specific revenue figures were not detailed in this excerpt. CEO Rick Smith highlighted the company's integrated public safety ecosystem spanning sensors, AI, TASER devices, and drones. A case study from Brookhaven, Georgia demonstrated 53-second drone response times, 96% city coverage, and 45% reduction in burglaries. Smith emphasized AI integration across Axon's sensor network as a key competitive differentiator.
Guidance
No specific forward-looking financial guidance, revenue targets, or earnings projections were provided in this transcript excerpt. Management commentary focused on strategic positioning and technology roadmap rather than quantitative forward guidance.
Risks flagged
Data privacy and potential abuse of surveillance data (DeFlock concerns and prior misuse of license plate reader data); regulatory or public trust issues could harm adoption. Geopolitical conflict and supply/operational disruptions (e.g., Ukraine/Russia/Iran) affecting counter-drone demand and logistics. Seasonality and quarter-to-quarter swings from large hardware shipments (large Dedrone/outpost shipments can cause volatility). Long government procurement cycles and contracting duration variability could delay revenue recognition.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 5, 2026$1.88
est $1.84
+2.2%$904.4M
est $876.4M
+3.2%−14.0%
May 6, 2026$1.61
est $1.60
+0.6%$807.3M
est $778.9M
+3.7%+12.2%
Feb 24, 2026$2.15
est $1.60
+34.4%$796.7M
est $755.6M
+5.4%+22.8%
Nov 4, 2025$1.17
est $1.52
−23.0%$710.6M
est $704.8M
+0.8%−11.7%
Aug 4, 2025$2.12
est $1.45
+46.2%$668.5M
est $641.0M
+4.3%+16.8%
May 7, 2025$1.41
est $1.27
+11.0%$603.6M
est $586.4M
+2.9%+14.2%
Feb 25, 2025$2.08
est $1.37
+51.8%$575.1M
est $566.0M
+1.6%+14.5%
Nov 7, 2024$1.45
est $1.20
+20.8%$544.3M
est $525.3M
+3.6%+31.3%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Axon Enterprise stock forecast and analyst price targets

Analysts’ average 12-month price target for Axon Enterprise is $680.37, +60.4% from the last close, from 14 firms rating the stock in the last 90 days.

$680.37consensus 12-month target, +60.4% from the last close
Low $470High $830
Buy13
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 14 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 26TD CowenBuy, reiterated$800+88.6%
Oct 22Robert W. BairdBuy, maintained$675+59.1%
Oct 20Piper SandlerBuy, reiterated$561+32.3%
Oct 15Raymond JamesBuy, maintained$675+59.1%
Oct 12UBSHold, maintained$470+10.8%
+1.0%average 20-day move after past Neutral readings
+9.4%average move over the next 20 trading days in the last 5 years
±4.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Axon Enterprise seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Axon Enterprise averaged +9.4% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−18.0%2021+23.8%2022+6.9%2023+55.2%2024−23.0%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+7.8%3 of 5
Next 10 trading days+7.3%3 of 5
Next 15 trading days+8.6%3 of 5
Next 20 trading days+9.4%3 of 5
Next 30 trading days+6.8%3 of 5

For scale, AXON’s typical 20-trading-day move in either direction is about 8.7%.

Axon Enterprise market cap and key statistics

Axon Enterprise’s market cap is $34.46B, with a P/E ratio of 176.5 and revenue of $3.22B over the last twelve months.

Valuation

Market cap
$34.46B
P/E ratio
176.5
Forward P/E
42.6
EPS, TTM
$2.41
Gekko Fair Value
$543.61

Trading

Volume
850,180
Avg volume, 20 days
926,420
52-week high
$719.92
52-week low
$339.01
Shares outstanding
81.24M

Financials

Revenue, TTM
$3.22B
Profit margin
6.2%
Return on equity
6.2%
Quarterly earnings growth, YoY
−18.2%

Risk and income

Beta
1.47
Typical daily move
±4.2%
Typical 20-day move
±8.7%

Axon Enterprise peers

Axon Enterprise’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
GEGE Aerospace+0.9%Neutral9.8% above
RTXRTX+0.4%Neutral7.7% below
BABoeing0.0%Accumulation16.1% below
LMTLockheed Martin−3.2%Neutral12.7% below
GDGeneral Dynamics−1.4%Neutral3.3% below
HWMHowmet Aerospace−3.5%Neutral2.4% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

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Axon Enterprise stock FAQ

What is Axon Enterprise’s market cap?

Axon Enterprise’s market cap is $34.46B at the Nov 4, 2026 close of $424.18, with 81.24M shares outstanding. The shares trade on a P/E ratio of 176.5.

What is the Axon Enterprise stock forecast?

The consensus analyst 12-month price target for Axon Enterprise is $680.37, +60.4% from the last close. Of the 14 firms that rated the stock in the last 90 days, 13 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Axon Enterprise stock overvalued or undervalued?

On Gekko’s estimate Axon Enterprise is undervalued: the Nov 4, 2026 close of $424.18 is 22.0% below Gekko Fair Value of $543.61. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Axon Enterprise report earnings next?

Axon Enterprise is expected to report on Nov 5, 2026, after the market closes (today). Analysts expect earnings of $1.89 per share on revenue of $934.3M. Axon Enterprise beat the earnings estimate in 7 of its last 8 reports, moving 17.2% on average across the report.

What is Axon Enterprise’s 52-week high and low?

Axon Enterprise’s 52-week high is $719.92 and its 52-week low is $339.01; it closed at $424.18 on Nov 4, 2026, −41.4% over the past year. Over the last five years the shares peaked at $885.92 on Aug 5, 2025.

Is Axon Enterprise stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 6 items with data read as supportive (fair value, smart money and seasonality), 1 as mixed (gekkoindex) and 2 as headwinds (trend and earnings risk). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Axon Enterprise?

Gekko flagged 2 unusual options signals in Axon Enterprise over the last 30 days, with $1.89M of flagged premium in calls and $144K in puts. The latest, bullish flow, was on Oct 21, 2026 with $734K in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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