Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Axon Enterprise, Inc. revealed its third-quarter 2025 financial performance, emphasizing its strategic focus on enhancing its technology ecosystem, particularly in the realms of public safety and law enforcement.</li>
<li>The company underscored its commitment to expanding the Axon 911 suite by integrating AI-driven initiatives such as Prepared and Carbyne, with the objective of enhancing 911 call center efficiency and communication.</li>
<li>In terms of financial performance, Axon reported a robust third-quarter revenue increase of 31% year-over-year to $711 million.</li>
</ul>


Axon Enterprise, Inc. revealed its third-quarter 2025 financial performance, emphasizing its strategic focus on enhancing its technology ecosystem, particularly in the realms of public safety and law enforcement.
The company underscored its commitment to expanding the Axon 911 suite by integrating AI-driven initiatives such as Prepared and Carbyne, with the objective of enhancing 911 call center efficiency and communication.
In terms of financial performance, Axon reported a robust third-quarter revenue increase of 31% year-over-year to $711 million.


Axon’s Strategic Offensive: Can Its AI, Drones, & Cloud Integration Crush Competitors This Decade?

Equity Long-Short Analyst

Pyari Menon

Thematic (Sector/Industry)

<ul>
<li>Deregulation's Green Energy Boost: Reduced federal oversight could accelerate innovation in renewables as corporations and markets drive sustainability efforts independently of government policies.</li>
<li>Tariff-Induced Deflation Risks: Disrupted global supply chains and demand destruction from tariffs may lead to deflationary pressures rather than the widely expected inflation.</li>
<li>Rise of Privatized Services: Tax cuts could act as a gateway to increased privatization of government services, shifting more essential functions like education and law enforcement to corporate control.</li>
</ul>


Deregulation's Green Energy Boost: Reduced federal oversight could accelerate innovation in renewables as corporations and markets drive sustainability efforts independently of government policies.
Tariff-Induced Deflation Risks: Disrupted global supply chains and demand destruction from tariffs may lead to deflationary pressures rather than the widely expected inflation.
Rise of Privatized Services: Tax cuts could act as a gateway to increased privatization of government services, shifting more essential functions like education and law enforcement to corporate control.


Trump 2.0: Some Unexplored Market Implications of Deregulation, Tariffs, and Tax Reforms

<ul>
<li>Axon Enterprise, best known for its Tasers, body-worn cameras, and cloud-based evidence management tools, has made headlines yet again.</li>
<li>The company announced it will acquire Prepared, a U.S.-based emergency communications platform that integrates 911 call data across audio, video, GPS, text, and translation tools into one unified interface.</li>
<li>Though Axon has not disclosed the official price, media outlets suggest a range of $800 million to $900 million.</li>
</ul>


Axon Enterprise, best known for its Tasers, body-worn cameras, and cloud-based evidence management tools, has made headlines yet again.
The company announced it will acquire Prepared, a U.S.-based emergency communications platform that integrates 911 call data across audio, video, GPS, text, and translation tools into one unified interface.
Though Axon has not disclosed the official price, media outlets suggest a range of $800 million to $900 million.


Axon Moves To Dominate 911 Tech— Why It’s Paying Nearly $1 Billion For Prepared!

Podcast on In-depth Business Talks, Speedwell Research

The Synopsis

Podcast on In-depth Business Talks

Speedwell Research

Speedwell Research spends hundreds of hours researching public businesses each month and in "The Synopsis" they share their key learnings. Most business podcasts are superficial and assume their listeners are unsophisticated. In contrast, The Synopsis trusts listeners are interested in learning about complex, industry-specific issues, so long as they are explained clearly. We cover businesses from inception to current day, coupling business analysis and an investors lens. Start listening today to become a better analyst and investor.

<ul><li>Axon reported strong Q2 earnings with 30% year-over-year growth and strong performance in both connected devices and software segments</li><li>The company has been exceeding growth expectations, with 14 consecutive quarters of over 25% growth and 6 consecutive quarters of over 30% growth</li><li>Axon has been focusing on leveraging AI technology to improve efficiency for police officers and drive growth in their software and services segment</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Axon reported strong Q2 earnings with 30% year-over-year growth and strong performance in both connected devices and software segmentsThe company has been exceeding growth expectations, with 14 consecutive quarters of over 25% growth and 6 consecutive quarters of over 30% growthAxon has been focusing on leveraging AI technology to improve efficiency for police officers and drive growth in their software and services segmentThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Dialogue. Axon & Coupang Update, Outperforming Expectations, Drones, New Markets, Taiwan & Cloud

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>S&amp;P500 is up 27.7% YTD, outperforming KOSPI which is down 6.9% YTD. Global fund flow continues to pour into top quality US stocks such as Palantir, Tesla, and NVIDIA.</li>
<li>The top 20 best performing stocks in KOSPI 200 are up on average 106.8% YTD. However, the remaining 180 stocks in KOSPI 200 are down on average 9.2% YTD. </li>
<li>There is no large Palantir-like company that deals with AI/data analytics in Korea. However, large cap IT services and telcos in Korea are increasingly expanding their AI/data analytics related business.</li>
</ul>


S&amp;P500 is up 27.7% YTD, outperforming KOSPI which is down 6.9% YTD. Global fund flow continues to pour into top quality US stocks such as Palantir, Tesla, and NVIDIA.
The top 20 best performing stocks in KOSPI 200 are up on average 106.8% YTD. However, the remaining 180 stocks in KOSPI 200 are down on average 9.2% YTD. 
There is no large Palantir-like company that deals with AI/data analytics in Korea. However, large cap IT services and telcos in Korea are increasingly expanding their AI/data analytics related business.


A Comparison of KOSPI 200 and S&P 500 Companies Performances in 2024

United States

Axon Enterprise, Inc. is a public safety technology company. The Company offers law enforcement, military, and self defense solutions. Axon Enterprise serves customers worldwide.

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Axon Enterprise (AXON US)

Axon’s Strategic Offensive: Can Its AI, Drones, & Cloud Integration Crush Competitors This Decade?

Axon Enterprise, Inc. revealed its third-quarter 2025 financial performance, emphasizing its strategic focus on enhancing its technology ecosystem,...

Baptista Research

Trump 2.0: Some Unexplored Market Implications of Deregulation, Tariffs, and Tax Reforms

Trump's re-election sparks a policy rodeo of deregulation, tariffs, and tax cuts, but focus should be on structural trends as that will always...

Pyari Menon

Axon Moves To Dominate 911 Tech— Why It’s Paying Nearly $1 Billion For Prepared!

Axon Enterprise, best known for its Tasers, body-worn cameras, and cloud-based evidence management tools, has made headlines yet again.

Baptista Research

Dialogue. Axon & Coupang Update, Outperforming Expectations, Drones, New Markets, Taiwan & Cloud

Axon sees strong growth in Q2 with 30% year over year increase, driven by drones and AI technology, leading to a 17% increase in stock value.

The Synopsis

A Comparison of KOSPI 200 and S&P 500 Companies Performances in 2024

There is no large Palantir-like company that deals with AI/data analytics in Korea. However, large cap IT services and telcos in Korea are...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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