Is Axon Enterprise Stock's Valuation Justified?
You might not know it, but Axon Enterprise (NASDAQ: AXON) is one of the best-performing stocks of the last decade. The maker of TASER electrical stun guns, body cameras, and related software is up more than 3,000% during that period.
The company has built a vast network of products and services across law enforcement technology, establishing itself, with the help of some acquisitions, as the clear leader in that niche but growing industry.
The surge in Axon's price during that period hasn't come exclusively from growth in the business. As the chart below shows, the stock's earnings per share has grown by about 1,000% over the last decade, meaning its valuation has tripled.
Source Fool.com
Axon Enterprise INC Stock
€479.20
-2.320%
Currently there is a rather positive sentiment for Axon Enterprise INC with 4 Buy predictions and 0 Sell predictions.
With a target price of 720 € there is a hugely positive potential of 50.25% for Axon Enterprise INC compared to the current price of 479.2 €.
