Axon Enterprise Inc (AXON)'s Expanding Role in Digital Infrastructure and Law Enforcement

Axon Enterprise Inc (NASDAQ:AXON) is among the best S&P 500 stocks with highest upside potential. On February 11, Piper Sandler released its latest rankings of top digital infrastructure and connectivity software companies. Among the five standouts, Axon Enterprise Inc (NASDAQ:AXON) ranked third thanks to its strong position in public safety with TASERs and body cameras. The firm sees more growth ahead from new drone rules, AI features, and its Officer Safety Plan, while Axon’s recurring revenue model adds stability and strengthens its long‑term outlook.

Axon plans to release its Q4 2025 results on February 24. On February 3, William Blair reaffirmed its Outperform rating on Axon Enterprise after the Department of Homeland Security announced plans to expand the use of body‑worn cameras.

On February 2, the Department of Homeland Security said agents in Minnesota will start wearing body cameras right away, with plans to expand nationwide as more funding becomes available. This is a big opportunity for Axon since many DHS agencies still don’t have enough cameras for their officers.

William Blair called the move a major policy shift and believes it could boost demand for Axon’s products. The firm sees the initial $20 million funding as just the beginning, with more upside possible through Axon’s Evidence ecosystem, which includes cloud storage and digital tools. Axon’s strong profit margins support this view, though its stock is currently trading at high valuations.

Axon Enterprise Inc (NASDAQ:AXON) is a global provider of public safety technology solutions. Its products include body-worn cameras, which it supplies to customers such as US law enforcement agencies. Headquartered in Scottsdale, Arizona, Axon was founded in 1993. The company was formerly known as TASER International.

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