Axon gets 'overweight' rating as Piper Sandler starts coverage

ReutersSep 24, 2025 12:20 PM

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Piper Sandler initiates coverage on TASER maker Axon Enterprise AXON.O with "overweight" rating; PT at $893

New PT an upside of 14.8% from the stocks last close

Brokerage says co has evolved beyond TASERs into a full-stack public safety tech firm, expanding its market opportunity to $129 billion today from $50 billion in 2022

Says Axon's backlog is projected to grow to $23 billion by 2027 from $10 billion, with nearly all customers on multi-year subscription contracts - giving the company unmatched revenue visibility and stability

19 of 21 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $877.50- data compiled by LSEG

As of last close, stock up 30.8% YTD

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