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Fly News Breaks for February 28, 2020
AAXN
Feb 28, 2020 | 08:29 EDT
Needham analyst Scott Berg raised the firm's price target on Axon to $90 from $80 and keeps a Buy rating on the shares. The analyst cites the company's "very strong" Q4 results, with body camera sales driving a 17% revenue beat. Berg also believes that Axon's initial FY20 EBITDA guidance is conservative, offering a positive view on the management's cost discipline over the past two years and the potential of its new products such as the soon to be released CAD software.
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