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Ladenburg Reiterates Buy On TASER Following Analyst Day

TASER International, Inc. NASDAQ:TASR - Ladenburg Reiterates Buy On TASER Following Analyst Day

Ladenburg Thalmann's Glen Mattson reiterated TASER International, Inc. TASR 5.37% 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 Ladenburg 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 percent from 20 percent in the video business according to the analyst.

To reflect growth drivers, Ladenburg Thalmann reiterated its FY16Q2 EPS estimates at $0.10.

Jan 2016JP MorganUpgradesNeutralOverweight
Nov 2015Ladenburg ThalmannUpgradesNeutralBuy
Sep 2015Sidoti & Co.Initiates Coverage onBuy

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