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Craig-Hallum upgrades Axon to Buy from Hold

As previously reported, Craig-Hallum analyst Jeremy Hamblin upgraded Axon (AXON) to Buy from Hold with a $900 price target following another impressive beat and raise in Q2. The firm cites an acceleration in bookings, ARR and International growth as key factors, noting the international growth rate is the best in at least eight years. The bookings and ARR growth set up potential for FY26 and FY27 growth to be well above consensus and achieve 30%-plus growth. In addition, Craig-Hallum highlights the rapidly growing Drone market and new AI Era officer plans as key drivers of future growth while concerns around Federal spending and tariffs have faded to the background.

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