Oppenheimer Reiterates Outperform on TASER International, Inc. Following Management Meeting
In a research report published Friday, Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating on TASER International, Inc. (NASDAQ:TASR), following meeting with CEO Mr. Rick Smith, CFO Mr. Dan Behrendt, General Manager of Evidence.com – Mr. Marcus Womack, and Head of North American sales – Mr. Josh Isner. No price target was provided.
Uerkwitz noted, “While we didn’t learn anything new, we walked away with more confidence in the fundamental opportunities and TASER’s strategy to capitalize. Management reiterated that 2015 would be an investment year as it believes gaining market share will best position the company for the longer term as law enforcement agencies gradually shift from disconnected (often unconnected) evidence platforms toward an all encompassing network.”
Furthermore, “Management believes the company is at the cusp of mass technological change in the way evidence is managed—starting with video storage and tracking. We discussed opportunities that go well beyond just video storage: moving horizontally into interview/hard evidence management/tracking, and moving vertically into document collection, interagency sharing, litigation support, and editing. These new directions will help TASER solidify its reputation as a technology leader.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Andrew Uerkwitz has a total average return of 2.6% and a 56.7% success rate. Uerkwitz has a 10.9% average return when recommending TASR, and is ranked #1414 out of 3571 analysts.