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AAXN

Axon

$58.72

1.25 (2.18%)

04:58
08/14/19
08/14
04:58
08/14/19
04:58

Axon upgraded to Outperform from In-Line at Imperial Capital

Imperial Capital analyst Jeff Kessler upgraded Axon Enterprise to Outperform from In-Line with an unchanged price target of $68. The analyst has a positive outlook on the company's recurring revenue business model and future profitability for fiscal 2020. In addition, Taser's leading market position, brand awareness and business model give Axon a "significant advantage" over competitors in using the cash flow from its less-lethal weaponry business to fund a software-as-a-service leadership in the developing business of online forensics and evidence management, Kessler tells investors in a research note.

AAXN Axon
$58.72

1.25 (2.18%)

06/20/19
JPMS
06/20/19
NO CHANGE
Target $81
JPMS
Overweight
Axon Enterprise price target raised to $81 from $73 at JPMorgan
JPMorgan analyst Mark Strouse raised his price target for Axon Enterprise to $81 from $73 after introducing his estimates for fiscal 2021. The analyst expects the company's revenue growth to remain "elevated" through fiscal 2021 and for margins to continue to expand, consistent with management's long-term targets. Even with the shares up 60% year-to-date, Strouse recommends investors add to positions ahead of near-term catalysts and an expected acceleration in revenue and earnings growth during the second half of 2019. He expects Axon's AB3 cameras to be commercially available by early Q3, "likely resulting in strong contract announcement activity." The analyst also believes AB3's live-streaming LTE capability could allow Axon to penetrate adjacent markets such as EMS and fire departments. Strouse maintains an Overweight rating on the shares, which closed yesterday up $3.86 to $69.90 despite a short research report issued by Spruce Point.
07/12/19
NRCS
07/12/19
NO CHANGE
NRCS
Buy
Motorola Solutions accelerates 'collision course' with Axon, says Northcoast
Motorola Solutions' (MSI) acquisition of privately held WatchGuard, a direct competitor to Axon Enterprise (AAXN), accelerates the companies' "collision course" trajectory in public safety, said Northcoast analyst Keith Housum. He believes Motorola Solutions needed to make this acquisition as its existing body worn camera products failed to gain traction, in part because it did not have a viable in-car video solution. In the next year or two, he believes the Motorola/WatchGuard combination is "a relative non-event" as he expects Axon to continue taking share. In the long-term, the combination will make for a better competitor, but Housum sees Motorola having a significant challenge in displacing the entrenched incumbent Axon. He keeps Buy ratings on both stocks.
08/09/19
NEED
08/09/19
DOWNGRADE
NEED
Hold
Axon downgraded to Hold from Buy at Needham
08/09/19
08/09/19
DOWNGRADE

Hold
Axon downgraded to Hold from Buy at Needham
As previously reported, Needham analyst Scott Berg downgraded Axon to Hold after its Q2 earnings miss. The analyst says the performance has elevated the company's operational risk and would require a "massive" Q4 revenue ramp to achieve FY19 guidance. Berg sees a "real scenario" where Axon reports at the "low end" of its current outlook, even though his analysis of demand is "positive".

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ORCL

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ACRS

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KHC

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KHC

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HMSY

HMS Holdings

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ICAD

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GLW

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WE

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WE

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GM

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HLNE

Hamilton Lane

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