BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Axon Enterprise Stock Surges on Strong Earnings and AI Market Expansion
Axon Enterprise Stock Surges on Strong Earnings and AI Market Expansion
6
1
BTCCSquare news:
Axon Enterprise (AXON) shares jumped over 15% on Tuesday after the Taser Maker reported earnings that surpassed estimates and raised its revenue outlook. The company's $669 million Q2 revenue marked a 33% year-over-year increase, with full-year guidance now set at $2.65 billion to $2.73 billion—above consensus estimates.
Analysts responded with bullish revisions: Raymond James lifted its price target to $855, UBS raised its forecast to $840, and Needham boosted its projection to $870. Axon's growth is fueled by new product adoption among existing clients and a landmark deal with a major city police department, spanning drones to AI solutions.
By:
Previous
Bitfarms Partners with T5 Data Centers to Expand HPC and AI Capabilities
Next
Architect Launches Crypto’s First Institutional-Grade Credit Ratings Service
