TD cuts Axon target, says add to positions on the selloff

TD Cowen analyst Andrew Sherman lowered the firm’s price target on Axon (AXON) to $825 from $950 and keeps a Buy rating on the shares following the company’s customer conference in Nashville. The keynote highlighted address highlighted Axon’s new AI products Vision, Assistant and Axon 911, the analyst tells investors in a research note. TD found the customer panel “very bullish.” The firm attributes the 10% selloff in the shares to “non-fundamental factors.” It recommends buying the stock on the selloff.