TD Cowen trims Axon PT, flags recent weakness

Axon Enterprise

08/04/2026 12:48

** TD Cowen cuts price target on taser maker Axon Enterprise AXON.O to $825 from $950, maintains rating at "buy"

** New PT shows an upside of 121.3% from the stock's last close

** TD Cowen says despite strong product momentum, co continues to face market volatility and investor concerns around stock price swings

** Adds some customer hesitation persists around data privacy, particularly as AXON expands AI-driven surveillance capabilities

** Shares of the company up 4.7% at $390 premarket

** 20 of 21 brokerages rate the stock "buy" or higher, one  "hold"; their median PT is $695- data compiled by LSEG

** As of last close, stock had fallen 34.4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))