Axon price target raised to $300 from $260 at Baird

Baird analyst William Power raised the firm’s price target on Axon to $300 from $260 and keeps an Outperform rating on the shares. The firm said they are sticking with AXON as one of thei top ideas as they believe the competitive moat remains as strong as ever, with multiple potential sources of upside to growth in 2024 and early TAM penetration providing ample runway for continued strong growth.