Axon Enterprise, Inc. (AXON) shares are up 3.18% to $629.21 as of 2:47 pm on Thursday, following a significant price target increase by Bank of America earlier in the day. While the exact new price target was not disclosed, such upward revisions typically signal strong confidence in the company's future performance and can drive investor interest. This comes on the heels of Axon's robust third-quarter earnings report earlier this month, where the company reported a 32% increase in revenue to $544 million and raised its full-year revenue outlook to approximately $2.07 billion.