Axon initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Axon with a Buy rating and $263 price target. The firm said Axon is very well positioned to cross-sell sensors, such as body cameras and fleet cameras, and related software and cloud storage and analytics services. Growing demand for body cameras, fleet cameras, and less-lethal weapons against the backdrop of initiatives to improve accountability and effectiveness in public safety and alongside the company’s more than 10-year future contracted revenue provides visibility into revenue growth, according to Goldman Sachs.