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Why Axon Enterprise Stock Was Soaring Today

TheMotleyFool

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Why Axon Enterprise Stock Was Soaring Today: https://g.foolcdn.com/editorial/images/857898/axon_2023_axonbody4_confidential_january_lafayette_in_productshoot_062.jpg

Shares of Axon Enterprise (NASDAQ: AXON) were surging today after the law enforcement technology company delivered a strong fourth-quarter earnings report, easily beating estimates.

The company also announced a target of $6 billion in revenue by 2028. Coming after a sharp sell-off in recent weeks over concerns about AI disruption in software, the results showed the business is as strong as ever despite the weak investor sentiment.

As of 12:08 p.m. ET, the stock was up 17.3% on the news.

Source Fool.com