Axon price target raised to $725 from $610 at JMP Securities

JMP Securities raised the firm’s price target on Axon (AXON) to $725 from $610 and keeps an Outperform rating on the shares. JMP continues to like Axon given positive industry checks, including consistent sales attainment, and Axon’s product story around enabling officer efficiency and the direct, measurable time savings that is particularly strong, especially with the company’s software solutions, the analyst tells investors in a research note. The firm believes there will be an increased level of attention and demand for counter-unmanned aerial system/ counter-drone solutions, both for domestic and military/defense use cases.