On August 13, Axon Enterprise, Inc. rose 3.18% in regular trading, trading at approximately $619.12 per share, with turnover of $72.22 million. The stock continued its rebound momentum driven by strong Q2 results and broad institutional bullishness.

On the earnings front, the company reported Q2 revenue of $904.4 million, up 35.3% year-over-year, beating the consensus estimate of $876.4 million. Non-GAAP EPS came in at $1.88, also exceeding the $1.84 analyst expectation. The company raised its full-year revenue growth guidance to 32%-34%, up from the prior 30%-32% range. Morgan Stanley characterized the results as \"clean,\" noting that $15.1 billion in future contracted bookings indicate a \"healthy underlying demand environment.\" The firm now projects 33% revenue growth for the current year and 34% for the following year, citing continued traction across counter-drone, international, and enterprise markets.

On the institutional side, Piper Sandler raised its price target to $724, Needham lifted its target to $750, and RBC Capital Markets maintained a $735 target, collectively reinforcing a buy consensus with a mean target of approximately $686.

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