Axon Enterprise, Inc. (AXON) is a Buy Following Pull back and amid $3B Scale Prospects: TD Cowen

Axon Enterprise Inc. (NASDAQ:AXON) is one of the best industrial stocks to buy according to Wall Street analysts. Axon Enterprise Inc. (NASDAQ:AXON) holds a strong Buy rating from 14 Wall Street analysts, including 13 Buy and 1 Hold. The average price target on the stock is $814.58, implying 47.85% upside potential from current levels of $550.67 a share.

On November 20, analysts at TD Cowen reiterated their Buy rating and $925 price target for Axon Enterprise. The research firm also highlighted Industrials as one of the “Best Ideas for 2026,” noting that the company is on the cusp of another year of high growth at approximately $3 billion in scale. The remarks come on the back of the company’s 32% revenue growth over the past 12 months and 31% five-year compound annual growth rate.

Following the recent pullback, TD Cowen views Axon Enterprise’s share price as a compelling entry point at approximately 10 times EV/CY27E sales. A connected hardware/software ecosystem, strong new product innovation, and a loyal customer base are expected to drive growth.

Axon Enterprise, Inc. (NASDAQ:AXON) is a technology company that develops connected public safety and security solutions for law enforcement, military, and commercial markets. Its mission is to “Protect Life” by providing an integrated ecosystem of devices, software, and services.

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