Axon price target raised to $200 from $152 at Credit Suisse

Credit Suisse analyst Sami Badri raised the firm’s price target on Axon to $200 from $152 and keeps an Outperform rating on the shares. The analyst also identifies Axon as his new top pick for 2023 as he views company as the primary beneficiary of public safety sector dynamics and possessing a high likelihood to beat its long-term revenue growth guidance trajectory of 20%-plus CAGR based on his end market checks and specific management commentary on price increases going into effect Jan 2023.