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Shares of Taser rise after Atlanta Police Dept buys body cameras

A police officer wears a body camera.
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Shares of Taser International rose 4 percent in late-session trade after the firm announced the Atlanta Police Department will purchase 1,015 body cameras from Taser's subsidiary Axon.

"We view the announcement as a positive as the [body-worn camera] program with the [Atlanta PD] had been delayed on several occasions over the past two years as Atlanta-based competitor, Utility, had sought help from local courts to block the deal after losing the contract to Taser," Dougherty analyst Jeremy Hamblin told CNBC.

Dougherty has a "buy" rating on TASR and a $34 per share price target, nearly 29 percent upside from Tuesday's close of $26.42.