Craig-Hallum Maintains Buy on Axon Enterprise, Raises Price Target to $370
BENZINGA 12:13 PM ET 5/7/2024
Symbol Last Price Change
AXON 309.66up -17.98 (-5.4877%)
QUOTES AS OF 01:01:55 PM ET 05/07/2024
Craig-Hallum analyst Jeremy Hamblin maintains Axon Enterprise(AXON) with a Buy and raises the price target from $325 to $370.
The share price keeps dropping all day, I wonder who sees a rotten egg here. Half a dozen brokerages raised its PT and it had a good report and a positive forecast for the year. Some one with big bucks is moving these shares down. If it drops another 5% I will be adding.
It could be technical, since it failed twice today to even try to close the gap from the open, since then it is making lower highs and lower lows.
That is a big negative, yet at one point it will be seen as a value play with support under it.
