AXON

Axon Enterprise Inc

TMT, Hardware


Presented:10/08/2024
Price:$426.99
Cap:$32.27B
Current Price:$434.12
Cap:$32.81B

Presented

Date10/08/2024
Price$426.99
Market Cap$32.27B
Ent Value$22.46B
P/E Ratio112.81x
Book Value$25.52
Div Yield0%
Shares O/S75.57M
Ave Daily Vol601,881
Short Int3.83%

Current

Price$434.12
Market Cap$32.81B
Axon Enterprise, Inc. engages in the development, manufacture, and sale of conducted electrical weapons for personal defense. It operates through the TASER segment and Software and Sensors segment. The TASER segment sells conducted electrical weapons, accessories, and other related products and services. The Software and Sensors segment includes devices, wearables, applications, cloud, and mobile products. The company was founded by Patrick W. Smith and Thomas P. Smith on September 7, 1993 and is headquartered in Scottsdale, AZ.

Publicly traded companies mentioned herein: Axon Enterprises Inc (AXON), Motorola Solutions Inc (MSI), Tyler Technologies Inc (TYL)

Highlights

The presenter is long shares of Axon Enterprises Inc (AXON), which sells hardware (tasers and body cameras) to local and state-level police, and is expanding its federal and international penetration, as well as its software business. The stock screens as expensive given its massive run, but the presenter sees meaningful incremental upside due to the scarcity value associated with its combination of durable 25%+ revenue growth, margin expansion, and end market budget resilience. He values the stock at 50x his 2027 FCF estimate, creating a $630 price target compared to the current $425 share price.

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Idea Discussion

Commentor 1 - 2 weeks ago

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