William Blair analyst Jonathan Ho has maintained their bullish stance on AXON stock, giving a Buy rating today.
Jonathan Ho has given his Buy rating due to a combination of factors that highlight Axon Enterprise’s strong financial performance and promising future outlook. The company reported an exceptional quarter with total future contracted bookings reaching $10.1 billion, and an annual recurring revenue growth of 37% to $1.0 billion. Additionally, Axon’s cloud and services revenue increased by 44% to $806 million for the full year, driven by significant enterprise and international business growth.
Ho also noted that Axon’s guidance for 2025 exceeds consensus expectations, with anticipated revenue growth of approximately 25% at the midpoint and adjusted EBITDA margins remaining close to 25%. The company’s strong bookings and strategic positioning in emerging trends like generative AI are expected to enhance its long-term business value. Furthermore, the expansion of the total addressable market to $129 billion underscores the potential opportunities ahead, reinforcing the Buy recommendation.
In another report released today, JMP Securities also reiterated a Buy rating on the stock with a $725.00 price target.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXON in relation to earlier this year.