Axon Stock Skyrockets Amid Positive Outlook and Raised Price Target
Axon Enterprises, the maker of Taser stun guns and body cameras, saw its stock surge nearly 29% after reporting strong third-quarter earnings and raising its revenue guidance for the year. The company's earnings per share of $1.45 exceeded expectations, and its revenue of $544.3 million slightly surpassed forecasts. Analysts view Axon as a potential beneficiary of Donald Trump's recent election win, anticipating continued funding for law enforcement. Several analysts raised their price targets for Axon stock, which has more than doubled in value this year.