On June 30, Axon Enterprise rose 5.27% in regular trading, trading at $538.875/share with turnover of $87.81 million, continuing its recent strong upward momentum.

On the news front, RBC Capital Markets reiterated its bullish stance on the company, maintaining an \"outperform\" rating and a $735 price target, representing significant upside from current levels. RBC analysts noted that Axon is well-positioned to sustain revenue growth above 30% by focusing on technology aimed at more effective policing. The firm highlighted multiple growth opportunities driven by the convergence of AI adoption, an open ecosystem strategy, and an expanding portfolio of AI solutions. Analysts emphasized that as police departments face staffing challenges and budget pressures, Axon's technology will become increasingly critical, driving continued market share gains. New capabilities such as drones and AI provide tangible value, encouraging customers to upgrade or add offerings.

Fundamentally, Axon reported Q1 revenue of $807.35 million, beating the $778.9 million consensus estimate, and raised its full-year revenue growth guidance to 30%-32%, up from a prior range of 27%-30%.

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