Axon surges to record after Q2 beat, boosted 2025 rev forecast

** Shares of TASER and law enforcement products maker Axon Enterprise AXON up 15% at $853.93 early Tues after qtrly results surpass Wall Street's expectations and co boosts rev outlook

** AXON shares rise as much as 18.4% to $881.88, a record high, and are top S&P 500 SPX performers

** Arizona-based firm late Mon posted top and bottom-line beat and raised its annual rev forecast to $2.65-$2.73 bln, above prior outlook of $2.60-$2.7 bln

** Adj EPS in qtr of $2.12 blew away LSEG estimate of $1.46

** At least four brokerages hike PTs after the news

** JP Morgan reiterates 'overweight' rating and lifts PT to $925 from $850

** Better than expected results led by "strong momentum" across the co's portfolio, JP Morgan says, pointing to the "largest deal" in co's history with a major police department and included new product bookings, ranging from drones to artificial intelligence

** Needham raises PT to $870 from $820, saying another potential catalyst for co could come in second half 2025 as European countrywide deals for TASER, bodycam and software products are gaining greater interest given security concerns and increased adoption of cloud products

** Of 20 brokerages covering AXON, 17 rate "strong buy" or "buy", rest rate "hold" and median PT is $870, per LSEG

** With moves on the session, shares up ~45% YTD vs nearly 15% gain in S&P 500 Industrials S5INDU and about 8% advance in SPX