Axon price target raised to $200 from $170 at Baird

Baird analyst William Power raised the firm’s price target on Axon to $200 from $170 and keeps an Outperform rating on the shares. The analyst reiterated Axon as a top idea for 2023 noting it was his top stock idea for most of 2022 and significantly outperformed our coverage and the market. He said he remains positive on the multi-faceted growth opportunities across products, verticals and geographies, with body camera, Taser and software all key drivers.