Axon price target raised to $325 from $250 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Axon to $325 from $250 and keeps a Buy rating on the shares. The firm notes Axon delivered “another impressive quarter” in Q4 with top- and bottom-line beats along with a surge in future contracted revenues to $7.1B. Craig-Hallum continues to view Axon as a unique but premier cloud services business with incredibly wide moats around its business lines.