Axon Enterprise Inc. (NASDAQ: AXON) shares surged after analysts raised price forecasts following strong Q2 results and increased revenue guidance. Raymond James set price forecast at $855, UBS at $840, and Needham at $870. Axon reported earnings of $2.12 per share, beating estimates by 45.11%, with revenue at $669 million. Software and Services revenue rose 39%, Connected Devices revenue increased 29%, and Platform Solutions revenue surged 86%. Annual recurring revenue grew 39% to $1.2 billion. Adjusted gross margin reached 63.3%. Full-year revenue outlook raised to $2.65 billion to $2.73 billion. AXON trading 15.75% above 20-day, 13.04% above 50-day, and 36.98% above 200-day simple moving averages. Shares trading at $867.17.

Read more at Yahoo Finance: Axon Soars Past 52-Week High As Outlook Ignites Investor Frenzy