TD Cowen Starts Axon Enterprise (AXON) at Buy, PT $700

TD Cowen analyst Andrew Sherman initiates coverage on Axon Enterprise (NASDAQ: AXON) with a Buy rating and a price target of $700.00.

The analyst comments "AXON has built an ecosystem for public safety & enjoys high market share with durable competitive advantages. Our customer checks were very bullish. We see 1) strong TASER 10 & Body 4 product cycles; 2) AI tailwinds; 3) likely Q4 bookings strength & conservative FY25 ests w/ a strong beat/raise track record; 4) strong mgmt team; and 5) a warranted premium valuation that we see as sustainable."

For an analyst ratings summary and ratings history on Axon Enterprise click here. For more ratings news on Axon Enterprise click here.

Shares of Axon Enterprise closed at $562.03 yesterday.

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