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Fly News Breaks for April 6, 2017
Apr 6, 2017 | 07:26 EDT
Imperial Capital analyst Jeff Kessler said Taser's name change to Axon is a "bold move" that reflects the company's vision of becoming a Software-as-a-Service security company, which could yield higher and faster growing recurring revenue down the line. However, the company will also have to face SaaS realities, such as significant investment, new pricing models, revised sales and marketing plans and new partner models, said Kessler, who keeps an In-Line rating and $25 price target on the shares.
News For AAXN;TASR From the Last 2 Days
Feb 24, 2020 | 09:06 EST
JPMorgan analyst Mark Strouse raised the firm's price target on Axon to $92 from $78 and keeps an Overweight rating on the shares ahead of the company's Q4 results on February 27. The analyst remains optimistic regarding Axon's long-term growth prospects and he sees a favorable setup during the first half of 2020 due to "easy" year-over-year comps, particularly in the weapons segment. His higher price target reflects improved trading multiples for the company's peers.