BUZZ-TASER maker Axon rallies after raising 2026 growth target
Axovant Sciences Ltd AXON | 0.00 |
** Shares in Axon Enterprise AXON.O up 9.7% on Thursday, tracking for its biggest one-day pct gain since late February, after the TASER and software co raised its full-year revenue growth forecast late on Wednesday, betting on strong demand for its software and security devices
** AXON said it expects 2026 revenue growth to be in the range of 30% to 32%, compared to 27% to 30% previously
** Last traded at $423.44 vs median PT of $675, as per LSEG, which shows 21 analyst ratings: 7 'strong buy,' 13 'buy,' 1 'hold'
** AXON biggest pct gainer in the S&P 500 Industrials index .SPLRCI on Thursday, which was down 1.2% on the session
** However, YTD shares of AXON down ~25% vs gain of ~13% for the SPLRCI and 1% gain for S&P 500 Aerospace and Defense index .SPLRCAERO
