AXON ENTERPRISE INC (AXON) is down -18.18% in the latest session. Our newswire has captured 1 story on AXON across 1 source in the last 36 hours, with AI sentiment reading bearish (avg 34/100).
Axon Enterprise shares fell 16.52% to $319.36, marking a sharp decline following the release of third-quarter results. The primary driver was a series of price target cuts and a downgrade from analysts, who cited disappointing financial performance and delays in federal contracts.
The stock opened at $347.99, a 9.0% gap down from the prior close of $382.56. Craig-Hallum downgraded the stock to Hold, describing the results as disappointing. RBC cut its price target, citing delays in federal deals. Piper Sandler lowered its target on Dedrone delays. TD Cowen lowered its price target to $650 from $800. Morgan Stanley cut its target to $485 from $640. JPMorgan lowered its target to $610 from $755. Baird reduced its target to $600 from $675.
Intraday, the session low reached $309.45 at 9:35 AM ET, while the session high was $349.00 at 7:40 AM ET. Volume stood at 0.7 million shares, which is 0.8 times the three-month daily average. The company has a market cap of $34.5 billion and a P/E ratio of 159.1. Revenue grew 34.6% year over year, while the net margin was 6.2%. The beta is 1.47. The 52-week range is $339.01 to $665.07. The stock printed six fresh 52-week lows on November 6, 2026. Over the last eight sessions, the stock moved down 10.2% from $425.87 to $382.56.
Recent insider activity includes six sells totaling $26.7 million in the last 90 days, with no buys. The most recent sale was by CEO Patrick W. Smith on September 8, 2026. General Counsel Isaiah Fields sold on September 11, 2026. President Joshua Isner sold on August 31, 2026. Congressional disclosures show three buys and no sells in the last 90 days, with the most recent filing on September 22, 2026.
Analyst coverage remains broad, with 25 stories from 8 sources in the last 36 hours. Investors will monitor how the stock reacts to the revised price targets and whether the federal deal delays impact future guidance.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
We just published a list of the Analysts Just Sounded the Alarm on These 10 Overhyped Stocks and Axon Enterprise (NASDAQ:AXON) ranked 8th on this list. Wall Street had a rough week, and the damage came fast. Thursday’s sell-off erased $2.3 trillion in market value, pushed the Nasdaq into a correction and sent the VIX, […]
AXON ENTERPRISE INC (AXON) is down -18.18% in the latest session. Our newswire has captured 1 story on AXON across 1 source in the last 36 hours, with AI sentiment reading bearish (avg 34/100). The most recent driver: "Here’s Why Craig Hallum Downgraded Axon (AXON)" (Yahoo Finance).
Top Tier Newswire does not give financial advice. Our AI sentiment across the last 36 hours of AXON coverage reads 34/100 over 1 stories; treat it as a research signal and do your own diligence.
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More on AXON: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier AXON move explainers: 2026-11-06 · 2026-09-16 · 2026-09-15 · 2026-09-02 · 2026-09-01 · 2026-08-06 · 2026-08-03