Added to YB: 2026-10-16
Pitch date: 2026-10-13
AXON [neutral]
Axon Enterprise, Inc.
+1.9%
current return
Author Info
Drew Cohen is a Portfolio Manager at Davidson Kahn Capital Management, an SEC-registered investment adviser. Sign up for the newsletter.
Company Info
Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally.
Market Cap
$33.6B
Pitch Price
$409.40
Price Target
661.40 (+59%)
Dividend
N/A
EV/EBITDA
184.09
P/E
171.91
EV/Sales
10.79
Sector
Aerospace and Defense
Category
growth
Axon Stock Breakdown: Monopoly Compounder or Overhyped Stock?
AXON (overview): Axon’s integrated taser, body-camera and Evidence.com ecosystem is sticky and still growing above 30%, but at $415 the $34B company trades near 11x sales and requires sustained growth. Its 2028 framework yields only ~$36B of value if growth exits at 20%, versus ~$48B at 30%. Weak cash conversion, substantial stock compensation—much of it performance-based—and price competition from Motorola are the principal offsets.
Read full article (12 min)