Robert W. Baird analyst Colin Sebastian has reiterated their bullish stance on AXON stock, giving a Buy rating yesterday.
Colin Sebastian has given his Buy rating due to a combination of factors that highlight Axon Enterprise’s robust growth potential and innovative product offerings. During Axon Week in Phoenix, the company showcased a diverse range of new product announcements, including fixed cameras and ALPR systems, new AI capabilities, and a new cartridge for the Taser 10, which collectively demonstrate Axon’s commitment to expanding its technological capabilities and market reach.
Additionally, the positive update on user adoption for Draft One, which has reached nearly 30,000 users, underscores the strong demand and acceptance of Axon’s products in the market. These developments suggest a multi-faceted growth opportunity across various products and verticals, reinforcing the view that Axon Enterprise remains a top investment idea.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $635.00 price target.