Technology and weapons product specialist Axon Enterprise (AXON) — best known for its Taser device and policy body camera — enjoyed a big return on Thursday, with AXON stock gaining over 6%. This was no fluke, either. Since the beginning of the year, shares have swung up almost 53%.
What caused the latest bump in AXON stock? As Barchart content partner The Motley Fool mentioned, JMP analyst Trevor Walsh raised his price target on the security by $55 to $430. In addition, the expert reiterated his market outperform rating, which is the equivalent of a “Buy” assessment. With AXON closing at $384.51 on Thursday, there may still be some room for decent capital gains.
