Why Axon Enterprise Stock Popped 5% Today

Shares of Axon Enterprise (NASDAQ: AXON) stock -- maker of Taser stunguns and Axon body cameras for police -- jumped 5% through 10:35 a.m. ET Thursday morning.

You can thank JMP Securities for that. This morning, StreetInsider reported that JMP analyst Trevor Walsh raised his price target on Axon stock by $55, to $430 per share, and reiterated its prediction of market outperform (i.e., buy).

In fact, this was the week's second price target hike for Axon stock. On Tuesday, Baird analyst William Power also raised his price target Axon stock, to $400. Like JMP's Walsh, Baird's Power predicts Axon stock will outperform the market, and recommends buying the stock.

Source Fool.com