Needham Boosts Price Target for Axon (AXON) Following Strong Quarter | AXON Stock News

Author's Avatar
May 08, 2025
Article's Main Image

Needham has increased its price target for Axon (AXON, Financial) shares to $750, up from $600, while maintaining a Buy rating. The decision comes in light of Axon's impressive quarterly performance, demonstrating robust growth across all its product lines.

Despite potential uncertainties related to the U.S. Federal business, influenced by budgetary complexities and the Department of Government Expenditure (DOGE), Axon's management has adopted a cautious outlook for this sector in the coming fiscal year. Furthermore, while tariff impacts are a concern, they are expected to only modestly affect the fiscal year 2025 margins, with a projected impact of 50 basis points, according to the firm's analysis.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.