Ladenburg Reiterates Buy On TASER Following Analyst Day

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Landenburg Thalman's Glen Mattson reiterated
Taser InternationalTASR
at Buy with a price target of $24.00. "We place a high level of importance on TASR's international expansion" due to the company's increasing investment in global markets stated Mattson. Additionally, tier 1 markets in the U.K., Australia, and Canada are expected to receive "solidly consistent results" in the future. Taser's Axon body camera growth is among the key drivers for the company according to the Landenburg analyst. Axon video growth is expected to nearly double over the next two years as "Taser will end the year recognizing revenue on about 85k licenses and grow that number to about 165k by the end of 2017." Additionally, profit margins are expected to rise to 50% from 20% in the video business according to the analyst. To reflect growth drivers, Landenburg Thalmann reiterated their FY16Q2 EPS estimates at $0.10.
Posted In: Analyst ColorPrice TargetReiterationAnalyst Ratings
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