JMP Securities Reiterates Outperform Rating, $825 Price Target For Axon Enterprise Inc. (AXON)

Core Insights - Axon Enterprise Inc. (NASDAQ:AXON) is highlighted as one of the defense stocks expected to experience significant growth, with JMP Securities analyst Trevor Walsh maintaining a Market Outperform rating and a price target of $825 for the stock [1][2]. Company Overview - Axon Enterprise Inc. specializes in manufacturing weapons and technology for law enforcement, military, and civilian applications, integrating cloud software solutions and hardware devices to enhance modern policing, defense, and security [4]. Recent Developments - The recent reiteration of the Outperform rating and price target followed investor meetings with the company's Senior Director of Investor Relations, focusing on emerging products, financial dynamics, sales strategies, and the acquisition of emergency response company Prepared [2]. - Walsh described the acquisition of Prepared as a "perfect complement" to previous acquisitions of Fusus and Dedrone, indicating a strategic expansion in the company's capabilities [3]. Stock Performance - The stock has shown impressive performance in 2025, gaining nearly 20% year-to-date, and has received a consensus Buy rating from Wall Street analysts, who project an additional 24.71% upside potential in its share price [3].