Axon Enterprise, Inc. (AXON) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Axon Enterprise, Inc. (AXON) stock forecast summary
Our AI scores Axon Enterprise, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Axon Enterprise, Inc. is a large-cap company with a market capitalization of $25.43B. It ranks number 1 by market capitalization among the 6 Ordnance & Accessories, (No Vehicles/Guided Missiles) issuers in our coverage with a current forecast.
For AXON, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 20.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
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AXON price chart and AI forecast
How AXON ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Axon Enterprise, Inc. (AXON) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Ordnance & Accessories, (No Vehicles/Guided Missiles) peers listed below that report each metric.
Valuation & Market
| Metric | AXON | Rank |
|---|---|---|
| Market Cap | $25.43B | 1/6 |
| P/E Ratio | 74.70x | – |
| P/B Ratio | 6.76x | 2/6 |
| EPS | $4.19 | – |
| Book Value/Share | $46.32 | – |
| Revenue/Share | $49.49 | – |
| FCF/Share | $1.00 | – |
Profitability & Margins
| Metric | AXON | Rank |
|---|---|---|
| ROE | 9.2% | – |
| ROA | 3.9% | – |
| ROIC | 0.8% | 4/5 |
| Gross Margin | 58.8% | 2/5 |
| Operating Margin | 1.5% | 4/5 |
| Net Margin | 8.6% | – |
| EBT Margin | 8.8% | 1/5 |
| Tax Rate | 2.1% | – |
Financial Health
| Metric | AXON | Rank |
|---|---|---|
| Current Ratio | 3.00x | 5/6 |
| Quick Ratio | 2.60x | 2/6 |
| D/E Ratio | 1.35x | 2/6 |
| Financial Leverage | 2.35x | 2/6 |
| Interest Coverage | 0.4x | 4/6 |
| Working Capital | $2.86B | 1/6 |
Cash Flow
| Metric | AXON | Rank |
|---|---|---|
| Operating Cash Flow | $225M | 1/5 |
| Free Cash Flow | $81M | 2/5 |
| Capital Spending | -$145M | 5/5 |
| OCF Growth YoY | -16.5% | – |
| FCF Growth YoY | -44.6% | – |
| FCF/Sales | 2.0% | 4/5 |
| CapEx/Sales | 3.6% | 2/5 |
Operational Efficiency
| Metric | AXON | Rank |
|---|---|---|
| Asset Turnover | 0.46x | 4/5 |
| Inventory Turnover | 2.9x | 3/5 |
| Fixed Assets Turnover | 11.2x | 2/5 |
| Days Inventory | 128 days | 3/5 |
| Payables Period | 55 days | 2/5 |
Income Statement
| Metric | AXON | Rank |
|---|---|---|
| Total Revenue | $4.02B | 1/5 |
| Operating Income | $59M | 1/5 |
| Net Income | $346M | – |
| R&D Expense | $935M | – |
| SG&A Expense | $1.37B | 1/5 |
| Cost of Goods Sold | $1.65B | 1/5 |
Dividend & Shareholder Information
| Metric | AXON | Rank |
|---|---|---|
| Shares Outstanding | 81M | – |
| Net Income Growth | 34.3% | – |
| EPS Growth | 32.2% | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $4.28B | 48.5% of assets |
| Cash & Short-term Investments | $1.46B | 16.5% of assets |
| Inventory | $579M | 6.6% of assets |
| Total Liabilities | $5.07B | 57.4% of assets |
| Short-term Debt | $1.18B | 13.3% of assets |
AXON quarterly financials and insider trading
Axon Enterprise, Inc. (AXON) industry peers
Companies classified under the same SEC industry code as Axon Enterprise, Inc. (Ordnance & Accessories, (No Vehicles/Guided Missiles)): 6 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Axon Enterprise, Inc. (AXON) stock news
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Axon Enterprise, Inc. (AXON) stock forecast FAQ
What is the Axon Enterprise, Inc. (AXON) stock forecast?
Our AI scores Axon Enterprise, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Axon Enterprise, Inc. stock predictions?
For AXON, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 20.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Axon Enterprise, Inc. forecasts updated?
Axon Enterprise, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Axon Enterprise, Inc.'s industry peers?
6 issuers in our coverage, AXON included, share the SEC industry code Ordnance & Accessories, (No Vehicles/Guided Missiles). The largest are: National Presto Industries Inc (NPK), Sturm Ruger & Co Inc (RGR), Smith & Wesson Brands, Inc. (SWBI), Wrap Technologies, Inc. (WRAP), First Breach, Inc. (FBDT).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.