BUZZ-Axon rises after lifting annual revenue forecast

Reuters
08 May
BUZZ-Axon rises after lifting annual revenue forecast

** TASER maker Axon Enterprise's shares AXON.O up 6.8% at $643 premarket

** On Wednesday, AXON raised its annual revenue forecast to between $2.60 bln and $2.70 bln, compared with prior range of $2.55 bln to $2.65 bln

** J.P.Morgan says it continues to see AXON "well-positioned" despite a choppy macro environment, given its exposure to resilient public safety spending

** Brokerage raises PT to $730 from $665, a 21% upside to stock's last close; maintains "overweight" rating

** AXON Q1 adjusted profit of $1.41 per share came above analysts' estimates of $1.27 per share, according to data compiled by LSEG

** Fourteen of 17 brokerages rate the stock "buy" or higher, 3 "hold"; their median PT is $695 - LSEG data

** As of last close, stock up 1.26% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10