Axon rises after TD Cowen initiates coverage with 'buy' rating

Axon Enterprise

08/01/2025 16:40

** Taser maker Axon Enterprise  AXON.O  shares up as much as
1.6% to $571.28
    ** TD Cowen initiates coverage of AXON with a "buy" rating
    ** Brokerage says AXON's T10 is a big technological upgrade
over the previous generation and is the fastest-selling TASER
device in history
    ** Adds AXON's body cameras have clear competitive
advantages over its competitors
    ** "AXON has built a trusted reputation and its innovation
over time is impressive" - TD Cowen
    ** Brokerage sets stock PT at $700, a 24.5% upside on the
stock's last close
    ** Seventeen of 18 brokerages rate the stock "buy" or
higher, one "hold"; their median PT is $605, according to data
compiled by LSEG
    ** Stock rose ~130.1% in 2024

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))