Jim Cramer Says Axon "Could Continue to Rally for a Very, Very Long Time"

Axon Enterprise, Inc. (NASDAQ:AXON) is one of the stocks Jim Cramer commented on. Cramer was highly bullish on the company as he commented:

“There are a couple of really winning companies I like to check in on from time to time, and some of them get better with every single look. Consider the case of Axon Enterprise… Now, here’s the stock that’s rallied almost 800% over the past five years… including a 26% gain for 2025. And I’m proud to say that I have liked this one all the way. I think it’s just got more room to run too…

Even after decades of service, TASER remains in growth mode… But don’t forget this is a razor-razorblade business model. Every time you use the TASER, you need to buy a new cartridge. That’s what money is. The future of Axon, though, is all about body cameras and evidence management software. But within the hardware side of the business, Axon now offers surveillance drones as well as a suite of tactical indoor drones…

They’ve got virtual reality training equipment too… While this VR segment is still a small part of the business, it’s about roughly 10% of revenues, it’s growing like crazy, up 87% last quarter. Yet another reason why Axon could deliver a knockout set of numbers when the company reported last month…

Here’s the bottom line: While Axon’s up big for the year, the stock has now pulled back more than 15% from its August highs, and I think you’re basically getting that incredible last quarter for free here. Anytime this stock pulls in, I’d be a buyer. It’s had a great run. I can’t say it is just beginning. I can say though, that Axon’s been so creative and so helpful to police departments that I think the stock could continue to rally for a very, very long time.”

Axon Enterprise, Inc. (NASDAQ:AXON) develops TASER devices and provides body cameras, digital evidence management software, and connected solutions for public safety.

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Disclosure: None. This article is originally published at Insider Monkey.