Northland cuts Axon stock price target on revenue estimate reduction

Investing.com · 2026-11-06 15:02 UTC

Northland cuts Axon stock price target on revenue estimate reduction

Investing.com - Northland lowered its price target on Axon Enterprise (NASDAQ:AXON) to $540 from $800 while maintaining an Outperform rating on Thursday. The stock has fallen 33% over the past year and currently trades near its 52-week low at $315.55, though InvestingPro analysis suggests the company remains undervalued at current levels.

The firm reduced its revenue estimate for fiscal year 2026 to $3.61 billion from $3.68 billion. The fiscal year 2027 revenue estimate was lowered to $5.33 billion from $5.60 billion.

Axon reported a slight miss in the third quarter due to federal delays. Taser revenue declined for the first time in many years, though management expects a return to growth above 10%.

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