Argus starts Axon at Buy on strong demand, robust earnings prospects

As previously reported, Argus analyst John Staszak initiated coverage of Axon with a Buy rating and $380 price target. The company’s shares should continue to outpace the broader market driven by its strong management team and robust earnings prospects as demand for its products and solutions remains strong, the analyst tells investors in a research note. Axon has also recently reported strong Q4 results and issued 2024 earnings guidance that was above consensus, the firm states, adding that the company should continue to generate positive earnings surprises based on its relatively cautious forecasts.