Axon price target raised to $375 from $320 at JMP Securities

JMP Securities raised the firm’s price target on Axon to $375 from $320 and keeps an Outperform rating on the shares. Axon is not only the top performer across the firm’s coverage year to date, but also yielded a number of positive data points after attending Axon Week 2024, its largest user conference to date, the firm says. JMP believes Axon VR training will be a critical component for continued TASER 10 adoption and product stickiness and feels that the recent Fusus acquisition builds on an already strong software story and further solidifies Axon’s position as a central platform for the public safety ecosystem.