Axon Enterprise, Inc. (AXON) Price Target Raised After Strong Bookings Growth

Axon Enterprise, Inc. (NASDAQ:AXON) ranks among the 12 Best Performing S&P 500 Stocks in the Last 10 Years.

Axon Enterprise, Inc. (NASDAQ:AXON) ranks among the best performing S&P 500 stocks in the last 10 years. On February 25, TD Cowen boosted its price target for Axon Enterprise, Inc. (NASDAQ:AXON) to $950 from $925 while maintaining its rating on the company's shares. The firm highlighted the company's 53% bookings increase during the fourth quarter and revenue forecast of 27% to 30% for fiscal 2026, which topped the Street estimate of 25.5%.

The company's software mix growth is expected to boost margins during the forecast period. Moreover, Axon announced a 125% net revenue retention rate, along with accelerated annual recurring revenue growth.

RBC Capital also cited Axon's fourth-quarter 2025 performance and fiscal 2026 guidance as proof of the company's ability to diversify into innovative product categories and sectors while maintaining its leadership position in US public safety. RBC Capital stated that Axon's data moats and network effects equip the company to handle AI decentralization risk.

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.

While we acknowledge the potential of AXON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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