Axon Enterprise, Inc. (NASDAQ:AXON) Coverage Initiated by RBC Capital

Core Viewpoint - Axon Enterprise, Inc. is a leading provider of public safety technology, expanding its product portfolio and experiencing significant revenue growth in various segments [1][3]. Company Performance - RBC Capital initiated coverage on Axon with an "Outperform" rating, noting a stock price of $554.37 at the time of initiation [2][6]. - The Connected Devices segment saw a 24% year-over-year revenue increase to $405 million in Q3 2025, driven by demand for TASER 10 and Body 4 products [2][6]. - The TASER and Personal Sensors businesses grew by 17% and 20%, respectively, while the Platform Solutions segment experienced a 71% increase [3]. Market Sentiment - Wall Street analysts have a positive outlook on Axon, with an average brokerage recommendation (ABR) of 1.45, indicating a consensus between Strong Buy and Buy [4]. - Out of 19 brokerage firms, 13 rated Axon as a Strong Buy and three as a Buy, reflecting strong investor interest [4]. Stock Performance - As of the latest data, AXON's stock price is $554.37, with a slight decrease of 0.52% or $2.92 [5]. - The stock has traded between $546.64 and $569.04 on the day, with a market capitalization of approximately $43.75 billion [5].