Why Axon Enterprise Stock Popped 5% Thursday
Shares of stunguns-'n'-body cameras-maker Axon Enterprise (NASDAQ: AAXN) rose as much as 5% in Thursday trading and looks likely to hang on to the bulk of those gains by closing bell. As the final 15 minutes of the trading begin, Axon is still up 4.5%.
Why is it up? In a note earlier today, analysts at Northcoast raised their price target on Axon stock to $112. That's only about 6% above where the stock trades right now, but it seems to have been good enough to get investors excited.
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Source Fool.com
