Axon rises after lifting annual revenue forecast
TASER maker Axon Enterprise's shares AXON.O up 11% at $670
On Wednesday, AXON raised its annual revenue forecast to between $2.60 bln and $2.70 bln, compared with prior range of $2.55 bln to $2.65 bln
J.P.Morgan says it continues to see AXON "well-positioned" despite a choppy macro environment, given its exposure to resilient public safety spending
Brokerage raises PT to $730 from $665, a 21% upside to stock's last close; maintains "overweight" rating
*Needham says co continue to gain market share in bodycams, ultimately leading to penetration of software products and bundles
AXON Q1 adjusted profit of $1.41 per share came above analysts' estimates of $1.27 per share, according to data compiled by LSEG
Fourteen of 17 brokerages rate the stock "buy" or higher, 3 "hold"; their median PT is $695 - LSEG data
Including session moves, shares are up 11% YTD
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