Axon gets 'overweight' rating as Piper Sandler starts coverage

Axon Enterprise

24/09/2025 13:20

** Piper Sandler initiates coverage on TASER maker Axon Enterprise AXON.O with "overweight" rating; PT at $893

** New PT an upside of 14.8% from the stocks last close

** Brokerage says co has evolved beyond TASERs into a full-stack public safety tech firm, expanding its market opportunity to $129 billion today from $50 billion in 2022

     ** Says Axon's backlog is projected to grow to $23 billion by 2027 from $10 billion, with nearly all customers on multi-year subscription contracts - giving the company unmatched revenue visibility and stability

     ** 19 of 21 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $877.50- data compiled by LSEG

** As of last close, stock up 30.8% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))