Axon price target raised to $250 from $235 at JMP Securities

JMP Securities raised the firm’s price target on Axon to $250 from $235 and keeps an Outperform rating on the shares after the company reported strong Q3 results. The stock traded up about 3% in the aftermarket on an improved FY23 outlook, exceeded expectations on adjusted EBITDA of $91.6M, and an impressive software contribution, the firm says.