Axon Enterprise Inc AXON experienced a notable 2.81% increase in pre-market trading on Monday. This surge follows the company’s inclusion in the prestigious Nasdaq-100 Index over the weekend.
The Nasdaq announced the results of its annual reconstitution of the Nasdaq-100 Index on Saturday, which saw Axon joining the ranks. This index, which was established in January 1985, serves as a crucial benchmark for non-financial companies listed on the Nasdaq. It supports a variety of financial products, including options, futures, and funds. Alongside Axon, Palantir and MicroStrategy were also added to the reorganized list.
According to Benzinga Pro, the weapon maker has a consensus price target of $424.76, based on evaluations from 17 analysts. The highest target of $800 was set by Baird on December 6, 2024, while the lowest was $130, issued by Needham on May 11, 2022.
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The three most recent analyst ratings came from Baird, Morgan Stanley, and Northland Capital Markets, dated Dec. 6, Dec. 3, and Nov. 11, respectively. These ratings suggest an average price target of $683.33, indicating a potential 3.07% upside for Axon Enterprise Inc.
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