JOHN GOMEZ
Top Industrial Performer
Axon Enterprise (NASDAQ:AXON) has become a top performer in the industrial sector as its stock has gained almost 70% year-to-date. The company reported another strong quarter in Q2 with both top and bottom-line
Axon: Flywheel Strategy Fueling Growth
Summary
- Axon has demonstrated strong growth, with a 70% stock gain year-to-date.
- The Draft One AI product is a game-changer, generating $100 million in pipeline within three months and offering a 2320% annualized ROI.
- We maintain a Buy rating with a 1-year price target of $550, indicating a 30% upside from current levels.
At Miletus Research, we specialize in analyzing technology companies, exploring the nuances of their strategies in depth. Our team of experienced researchers merges cutting-edge market analytics with strategic expertise, empowering you with actionable insights that drive informed investments.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AXON either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.