Axon Enterprise (AXON) PT Raised to $725 at JMP Securities

JMP Securities analyst Trevor Walsh raised the price target on Axon Enterprise (NASDAQ: AXON) to $725.00 (from $610.00) while maintaining a Market Outperform rating.

The analyst commented, “our positive industry checks (including consistent sales attainment); Axon’s product story around enabling officer efficiency and the direct, measurable time savings therein is particularly strong, especially with the company’s software solutions; the company will look to capitalize on this narrative even further in 2025 with its new AI Era Plan bundle (a $1.8BN opportunity)."

Furthermore, "our view that there will be an increased level of attention and demand for counter-unmanned aerial system (C-UAS)/ counter-drone solutions, both for domestic (public safety, critical infrastructure, etc.) and military/ defense use cases; and 5) the value proposition of drone-as-a-first responder (DFR) programs as a force multiplier for public safety organizations becomes even more pronounced when overlayed with the recruitment and retention challenges.”

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