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Needham Adjusts Price Target on Axon Enterprise to $600 From $870, Maintains Buy Rating
Needham has lowered its price target for Axon Enterprise (AXON) from $870 to $600 but has maintained a Buy rating on the stock. Axon Enterprise specializes in public safety technology, including TASER weapons, body cameras, and integrated software solutions. The company’s net sales are primarily derived from sensors and embedded software (60.7%) and electric pulse guns (39.3%), with the majority of its sales in the United States.