Weapons maker Axon shares rise pre-market on Monday: What happened? – Axon Enterprise (NASDAQ: AXON)

Axon Enterprises, Inc. axon It rose sharply by 2.81% in pre-market trading on Monday. The surge comes after the company was added to the prestigious Nasdaq 100 index over the weekend.

Nasdaq announced the results of its annual restructuring of the Nasdaq 100 index on Saturday, and Axon was included in the mix. The index was established in January 1985 and is an important benchmark for non-financial companies listed on Nasdaq. It supports a variety of financial products, including options, futures, and funds. Together with the axon, Palantir and micro strategy Also added to the reorganization list.

The arms maker has a consensus price target of $424.76, based on estimates from 17 analysts, according to Benzinga Pro. Baird set a high target of $800 on December 6, 2024, while Needham posted a low target of $130 on May 11, 2022.

See also: Shiba Inu burn rate soars 515.33%

The three most recent analyst ratings are from Baird, Morgan Stanleyand Northland Capital Marketthe dates are December 6, December 3 and November 11 respectively. These ratings suggest an average price target of $683.33, suggesting potential upside for Axon Enterprise Inc. of 3.07%.

Read next:

Disclaimer: This content was produced in part with help from Benzinga Neuro, and is reviewed and published by Benzinga editors.

Image from Shutterstock