- JMP Securities analyst Erik Suppiger resumed coverage of Axon Enterprise Inc AXON with an Outperform rating and a price target of $195, implying an upside of 35.7%.
- The analyst noted Axon is well-positioned to expand the adoption of its flagship TASER technology as a replacement for guns and leverage its leadership position and range of products to expand market share in adjacent public safety technology markets, such as body-worn cameras and cloud-based services that improve operational efficiency.
- Suppiger adds that at 8-times his expected 2023 revenue, he believes Axon shares are "attractively valued."
- Price Action: AXON shares are trading higher by 3.57% at $143.85 on the last check Tuesday.
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