Axon price target raised to $750 from $600 at Needham

Needham raised the firm’s price target on Axon (AXON) to $750 from $600 and keeps a Buy rating on the shares. The company reported another very strong quarter, with strength across all product segments, and while its U.S. Federal business remains a point of uncertainty given DOGE and all the moving parts to budgets, the management has factored conservative assumptions for US Federal in FY2Y, the analyst tells investors in a research note. Tthe impact of tariffs was also a point of concern, but it is only a 50 bps headwind to FY25 margins, the firm adds.