Barclays Maintains Overweight on Axon Enterprise, Lowers Price Target to $239
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Overweight rating on Axon Enterprise (NASDAQ:AXON) but lowered the price target from $256 to $239.
August 09, 2023 | 4:04 pm
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NEUTRAL IMPACT
Axon Enterprise's price target has been lowered by Barclays from $256 to $239, though the Overweight rating is maintained.
While the Overweight rating indicates that Barclays still sees Axon Enterprise as a good investment, the lowering of the price target could potentially indicate a reduced growth outlook. This might have a neutral impact on the stock as the positive and negative signals balance each other out.
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IMPORTANCE 80
RELEVANCE 100