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Up more than 2,000% just since 2018, Axon Enterprise (AXON 2.97%) stock has already turned at least a few savvy investors into millionaires. The question is, can it do it again anytime soon?
Zacks.com users have recently been watching Axon (AXON) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Axon is a rapidly growing security product vendor that's built a Walled Garden Ecosystem akin to Apple's hardware and software-defined Walled Garden Ecosystem. This ecosystem has created a unique set of technological capabilities for security agencies, which might be most effectively described as "God's Eye," or an "All Seeing Eye." In this review of Axon, I will describe what I mean by this; then, discuss value components of the thesis, i.e., growth runway and cash flow durability.
Regardless of how much money you have available to invest in the stock market, it can be a good idea to spread it across multiple stocks. It can be difficult to predict which stocks will be winners in the long run, so investing in several promising growth stocks is a way to increase the odds that you achieve significant returns.
AXON is making strides in major end markets, which makes the stock worth a watch amid a few headwinds.
AXON gains from strength across its businesses and complementary acquisitions. Escalating costs and expenses may hurt its profitability.
Just weeks after the Nasdaq Composite flirted with a new all-time high, the tech-heavy index has sunk into a correction (defined as a pullback of at least 10%).
If investors have learned anything over the past five years, it's that the stock market can be a wild roller coaster ride.
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