Axon Enterprise (AXON) stock has recently dropped significantly, falling 29.2% in less than a month. Given its “Very High valuation” and historical price movements, analysts believe the stock could decline further, potentially reaching $304. Historically, sharp declines of 30% or more within 30 days have been followed by a median peak return of 76% within a year, suggesting a potential rebound after the current dip.
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Can Axon Stock Fall To $300?
Axon Enterprise (AXON) stock has recently dropped significantly, falling 29.2% in less than a month. Given its “Very High valuation” and historical price movements, analysts believe the stock could decline further, potentially reaching $304. Historically, sharp declines of 30% or more within 30 days have been followed by a median peak return of 76% within a year, suggesting a potential rebound after the current dip.