Axon climbs after Q2 beat, boosted 2025 rev forecast

Axon Enterprise

05/08/2025 14:29

** Shares of TASER and law enforcement products maker Axon Enterprise AXON.O up 7.8% premarket to $802.75 after qtrly beat and rev outlook boost

** Arizona-based firm late Mon posted top and bottom-line beat and raised its annual rev forecast to $2.65-$2.73 bln, above prior outlook of $2.60-$2.7 bln

** Adj EPS in qtr of $2.12 blew away LSEG estimate of $1.46

** At least four brokerages hike PTs after the news

** JP Morgan reiterates 'overweight' rating and lifts PT to $925 from $850

** Better than expected results led by "strong momentum" across the co's portfolio, JP Morgan says, pointing to the "largest deal" in co's history with a major police department and included new product bookings, ranging from drones to artificial intelligence

** Needham raises PT to $870 from $820, saying another potential catalyst for co could come in second half 2025 as European countrywide deals for TASER, bodycam and software products are gaining greater interest given security concerns and increased adoption of cloud products

** Of 20 brokerages covering AXON, 17 rate "strong buy" or "buy", rest rate "hold" and median PT is $870, per LSEG

** Through Mon close, shares up 25% YTD vs nearly 14.6% gain in S&P 500 Industrials .SPLRCI and about 7.6% advance in S&P 500's .SPX

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.commailto:lance.tupper@tr.com 1-646-279-6380))