TD Cowen trims Axon PT, flags recent weakness

ReutersApr 8, 2026 11:48 AM

TD Cowen cuts price target on taser maker Axon Enterprise AXON.O to $825 from $950, maintains rating at "buy"

New PT shows an upside of 121.3% from the stock's last close

TD Cowen says despite strong product momentum, co continues to face market volatility and investor concerns around stock price swings

Adds some customer hesitation persists around data privacy, particularly as AXON expands AI-driven surveillance capabilities

Shares of the company up 4.7% at $390 premarket

20 of 21 brokerages rate the stock "buy" or higher, one "hold"; their median PT is $695- data compiled by LSEG

As of last close, stock had fallen 34.4% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Anthropic Claude Mythos Preview Sparks Wall Street Panic: Bessent, Powell Summon CEOs; Cloudflare Tumbles 8%

TradingKey - According to the latest Bloomberg report, U.S. Treasury Secretary Bessent and Federal Reserve Chair Jerome Powell urgently convened a meeting with the CEOs of major Wall Street banks this Tuesday to discuss potential cybersecurity threats posed by Anthropic's latest AI model, Mythos. Th

Demand Surge. TSMC March Sales Jump Nearly 50% to NT$415.19 Billion

TradingKey - Driven by robust end-market demand, global foundry leader TSMC (TSM) is seeing accelerating revenue growth momentum. Monthly revenue for March reached NT$415.19 billion.

SpaceX Eyes IPO Amid Exposed $5B Loss: Will xAI 'Burn Rate' Drag Down $2T Valuation?

TradingKey - The Information reports that SpaceX's 2025 revenue exceeded $18.5 billion, while net losses approached $5 billion. Analysis suggests these figures reflect the drag on SpaceX following its merger with xAI. Influenced by xAI, will SpaceX's target IPO valuation be significantly discounted?

Nvidia Rises for Seven Straight Days, AI Chip Leader’s Stock May Break All-Time High

TradingKey - On Thursday (April 10), Nvidia shares closed approximately 1% higher at $183.94, marking its seventh consecutive session of gains and its longest winning streak since November 2023. While the magnitude of this rally is not particularly dramatic, its significance lies in the market’s renewed willingness to buy into Nvidia's AI growth story following months of repeated volatility.

From 14.2 Billion to 21 Billion, Why Meta Continues to Bet on CoreWeave?

TradingKey - On April 9, AI cloud computing provider CoreWeave (CRWV) announced a long-term partnership agreement valued at $21 billion with Meta (META). The company will provide Meta with dedicated AI cloud computing capacity, with the service term extending through December 2032.

Featured Tools