Why Axon Enterprise Stock Is Sinking Today

Axon Enterprise (NASDAQ: AXON) stock is getting hit with sell-offs in Thursday's trading. The company's share price was down 5.5% as of 2:10 p.m. ET and had been down as much as 8.9% earlier in the day's trading.Axon is seeing a valuation pullback on the heels of its recent post-earnings jump. An analyst lowered the stock's price target yesterday, and investors are taking profits after a run of strong gains. Despite today's pullback, the policing technologies specialist's share price is up roughly 97% over the last year. Argus analyst John Staszak published new coverage on Axon yesterday, maintaining a buy rating on the stock but lowering his one-year price target from $800 per share to $700 per share. As of this writing, the new target still suggests additional upside of approximately 31%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool