Axon Enterprise (AXON) holds an average brokerage recommendation (ABR) of 1.27, indicating a consensus between Strong Buy and Buy among 15 brokerage firms. This recommendation is based on 12 Strong Buy ratings and 2 Buy ratings, with 80% of the recommendations classifying it as a Strong Buy and 13.3% as Buy.
However, investors are advised to exercise caution, as historical data suggests that brokerage recommendations may reflect biases due to the vested interests of brokerage firms. The Zacks Rank—an independently audited tool based on earnings estimate revisions—offers a more reliable indicator of stock performance, giving Axon a Zacks Rank of #3 (Hold). The current consensus estimate for Axon’s earnings remains stable at $4.64 for the year.
