Why Axon Enterprise Stock Plunged Week
Shares of Axon Enterprise (NASDAQ: AXON), the maker of TASER electrical weapons and body cameras, were taking a dive this week, even though there was no major company-specific news out on it.
Instead, the sell-off seemed to be part of a broader wipeout in software-as-a-service (SaaS) stocks due to concerns about disruption from AI and lofty valuations in the sector.
As of Friday at 12:09 p.m. ET, Axon stock was down 19.1% for the week. As the chart below shows, the stock primarily fell on Wednesday and Thursday.
Source Fool.com
Axon Enterprise INC Stock
€385.30
-1.290%
The community is currently still undecided about Axon Enterprise INC with 2 Buy predictions and 0 Sell predictions.
As a result the target price of 445 € shows a slightly positive potential of 15.49% compared to the current price of 385.3 € for Axon Enterprise INC.
