JP Morgan reiterates its "outperform" rating on Axon Enterprise (AXON.US) and sets a target price of $825.

Axon Enterprise (AXON.US) is listed as one of the "9 defense stocks set to soar" list. Recently, Morgan Stanley analyst Trevor Walsh reiterated his "outperform" rating on the stock and maintained a target price of $825. The background of this rating adjustment is that on September 25, Axon held a meeting with investors led by the Senior Director of Investor Relations, focusing on emerging products, financial dynamics, sales strategies, and the recent acquisition of emergency response company Prepared. Walsh stated that Axon's acquisition of this emergency response startup is a "perfect complement" to its previous acquisitions of Fusus and Dedrone. Since 2025, Axon's stock price performance has been impressive, with a nearly 20% increase year-to-date. Wall Street analysts have a unanimous "buy" rating on the stock and predict a further 24.71% upside potential. Axon Enterprise produces weapons and related technology products for law enforcement agencies, military, and civilian sectors. The company integrates cloud software solutions with hardware devices to help modernize policing, defense, and security work.