Here’s How Axon Shares Can Hit $900 in 2026

Core Viewpoint - Axon (NASDAQ: AXON) has shown strong recovery momentum in 2025, with a recent surge of nearly 12% in stock price, leading to speculation about reaching $900 per share in 2026 [2]. Financial Performance - Revenue for Axon grew by 30.6% year over year in the most recent quarter, with expectations for continued growth [4]. - The Software & Services segment, which includes cloud-based evidence management and AI analytics, experienced a significant growth of 39.6% in the first nine months of 2025 [4][8]. - Management has raised the full-year 2025 revenue guidance to approximately 31% growth, indicating confidence despite a Q3 earnings miss [4][8]. Analyst Sentiment - Analysts are overwhelmingly bullish on Axon, with 17 out of 19 analysts rating it a Buy or Strong Buy, and an average price target of $820, suggesting a 38% upside [3][8]. - The stock currently trades at 76x forward earnings based on 2026 estimates, with potential to reach 115x if it hits $900 per share [6]. Market Position - Axon's premium valuation is justified by its high growth rates, particularly in software revenue, which is growing at nearly 40% [6]. - The S&P 500's forward P/E is around 22x, highlighting Axon's significant premium compared to the broader market [7].