Piper Sandler Initiates Coverage on Axon with "Overweight" Rating

• Piper Sandler initiated coverage on NASDAQ:AXON with an "Overweight" rating, citing the company's innovation and market potential.
• Axon's acquisition of Prepared, an AI-powered emergency communications platform, aims to enhance its public safety ecosystem.
• The current stock price of AXON reflects a slight increase, with a market capitalization of approximately $61 billion and a trading volume of 428,531 shares.

On September 23, 2025, Piper Sandler initiated coverage on NASDAQ:AXON with an "Overweight" rating, emphasizing the company's innovation and the potential of its addressable market. At the time, the stock price was $777.58. Axon is a leader in global public safety technology, known for its innovative solutions that enhance public safety and law enforcement capabilities.

Axon recently announced its plan to acquire Prepared, an AI-powered emergency communications platform. This acquisition aims to enhance Axon's public safety ecosystem by transforming 911 calls into actionable intelligence, enabling faster response times. Prepared's technology integrates call audio, text, video, GPS, and real-time translation into a unified view, currently supporting over 1,000 agencies across 49 states.

Rick Smith, Axon's Founder and CEO, highlighted the transformative impact of AI on public safety. He stated that this acquisition will help eliminate blind spots during emergencies, offering responders the speed and clarity necessary to save lives. This strategic move is intended to connect every aspect of public safety, from the initial call to the resolution, providing agencies with the tools to respond more swiftly and with better context.

The current stock price of AXON is $777.58, reflecting an increase of $1.66 or approximately 0.21%. Today, the stock has traded as low as $769.16 and as high as $792.16. Over the past year, AXON has reached a high of $885.92 and a low of $388.36. The company's market capitalization stands at approximately $61 billion, with a trading volume of 428,531 shares on the NASDAQ exchange.