Axon Enterprise stock: Piper Sandler cuts target to USD 561.00
Published on 10/22/2026 at 19:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Piper Sandler cut its Axon Enterprise target from USD 732.00 to USD 561.00 on October 20, 2026.
- The next earnings report is scheduled for November 3, 2026 after market close.
- Axon Enterprise stock costs EUR 364.10 at Lang & Schwarz on October 22, 2026 at 7:13 p.m. CEST.
- The Nasdaq-listed company has a USD 33.3 billion market capitalization and a 169.59 price-to-earnings ratio.
Axon Enterprise (ISIN US05464C1018) faces a lower Piper Sandler price target of USD 561.00, down from USD 732.00, after the analyst firm kept its Overweight rating on October 20, 2026, as Investing.com reported. The USD 561.00 target lies 37.05 percent above the USD 409.34 Nasdaq price at 1:21 p.m. ET on October 22, 2026. Axon stock was trading at EUR 364.10 at Lang & Schwarz on October 22, 2026 at 7:13 p.m. CEST.
Why did Piper Sandler cut the target?
The analyst note tied the reduction to valuation while retaining a positive rating. It also cited Evidence.com web traffic growth of 72 percent year over year and FususOne traffic growth of 86 percent, according to Investing.com. The lower target therefore changes the valuation yardstick, not the stated rating.
Axon trades below its yearly high
Axon was valued at USD 33.3 billion on October 22, 2026, with a price-to-earnings ratio of 169.59. Its USD 339.01 to USD 764.02 52-week range puts the Nasdaq price of USD 409.34 46.42 percent below the high. The primary listing is Nasdaq under ticker AXON, as identified in the company's August 5 filing carried by MarketWatch.
When are the next results?
The next earnings report is scheduled for November 3, 2026 after market close, with consensus revenue of USD 937.8 million and consensus earnings per share of USD 1.90, according to FN2. The latest reported quarter ended June 30, 2026, when revenue reached USD 904.39 million and diluted earnings per share were USD 0.36, figures included in the August 5 filing carried by MarketWatch. The upcoming report will show whether the company's growth profile is keeping pace with the valuation investors are assigning to it.
What the valuation leaves investors watching
The central tension is numerical: the analyst target remains materially above the Nasdaq price, while the 169.59 price-to-earnings ratio leaves limited room for execution setbacks. Axon's next report supplies the next dated test of revenue growth, profitability and forward expectations.
The further course of trading is shown by the continuously updated real-time quote of Axon Enterprise stock.
Axon Enterprise at a glance
- Company: Axon Enterprise, Inc.
- ISIN: US05464C1018
- Ticker: AXON
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 22, 2026, 7:13 p.m. CEST): EUR 364.10
- Market capitalization: USD 33.3 billion (as of October 22, 2026)
- 52-week range: USD 339.01-764.02 (as of October 22, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
Market context: Market report S&P 500.
