Axon's $129 Billion Market Opportunity In Focus: Analyst Sees Strong Product Innovation And More

Citizens Capital Markets analyst Trevor Walsh reiterated the Market Outperform rating on Axon Enterprise Inc AXON, with a price forecast of $725.On Tuesday, the company reported fourth-quarter results, with quarterly revenue of$575 million that grew 34% year over year, driven by double-digit growth in each product segment.Walsh highlighted Axon’s total addressable market was now $129 billion, up from$77 billion in the first quarter of 2024, which reflected the growth from acquisitions like Fusus and Dedro ...