Analysts at Robert W. Baird Raise Price Objective of Axon Enterprise to $170.00

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Axon Enterprise ($NASDAQ:AXON), Inc. provides technology solutions for law enforcement, including evidence management software and hardware products. The company’s products include body-worn cameras, cloud and on-premises storage, redaction, and artificial intelligence tools. In its research note, Baird analysts cited several reasons for the price increase, including strong demand for Axon’s products, positive customer feedback, and the company’s “robust” product pipeline.

Axon has seen strong demand for its products in recent months, as police departments across the country have looked to invest in body-worn cameras and other technology solutions. The company’s products have received positive feedback from customers, and Baird believes that Axon’s “robust” product pipeline will drive further growth in the future.

Share Price

Analysts at Robert W. Baird Raise Price Objective of Axon Enterprise to $170.00 On Friday, AXON ENTERPRISE stock opened at $193.8 and closed at $185.2, down by 3.6% from previous closing price of 192.1. The research note has a “neutral” rating on the stock. The company’s stock has been on a roller coaster ride in recent weeks. The analysts at Robert W. Baird believe that the company’s stock is fairly valued at current levels and have therefore maintained a “neutral” rating on the stock.

VI Analysis

The company’s mission is to protect life, making the world a safer place by reducing the incidence and severity of injuries from use of force. Axon’s products include body-worn cameras, cloud and on-premise evidence management software, and a mobile app for law enforcement. The company also offers training and support services.

The company is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Investors interested in Axon Enterprise may be attracted to the company’s strong fundamentals, its market-leading position, and its growth potential.

VI Peers

Its competitors include Shi Corp, Ultra Electronics Holdings PLC, and Shenzhen TVT Digital Technology Co Ltd.

– Shi Corp ($OTCPK:SHCC)

Shi Corp is a publicly traded company with a market capitalization of 1.39k as of 2022. The company has a Return on Equity of -0.64%. Shi Corp is engaged in the business of providing technology solutions and services. The company’s products and services include enterprise software, cloud computing, big data, and analytics.

– Ultra Electronics Holdings PLC ($SZSE:002835)

Shenzhen TVT Digital Technology Co Ltd has a market cap of 2.64B as of 2022, a Return on Equity of 8.41%. The company operates in the field of digital technology, providing products and services related to digital television, set-top boxes, and other digital products and services. It is headquartered in Shenzhen, China.

Summary

Axon Enterprise Inc is an American technology company that develops, manufactures, and sells products and services for law enforcement, government, and military markets worldwide. The company’s products include body-worn cameras, in-car video systems, evidence management software, and cloud storage. Investors interested in buying shares of Axon Enterprise may do so through any major brokerage firm. Those looking for more information on the company can visit its website or read its most recent annual report.