Robert W. Baird Maintains a Buy Rating on Axon Enterprise (AXON), Keeps the PT

Axon Enterprise, Inc. (NASDAQ:AXON) is one of the 12 Best Stocks to Buy and Hold for the Long Term. On June 8, analyst William Power of Robert W. Baird maintained a Buy rating on Axon Enterprise, Inc. (NASDAQ:AXON) with a price target of $800. The maintained bullish sentiment comes after President Donald Trump signed two major executive orders on June 6, aimed at significantly enhancing the commercial use of drones in the United States.

William Power noted, that the executive orders to enhance the commercial use of drones significantly improve the strategic position of Axon Enterprise, Inc. (NASDAQ:AXON). This becomes more relevant considering the company’s strategic partnership with Skydio to deliver scalable drones as first responders for public safety. Power believes the drone market is expected to grow significantly as regulations will allow more drone operations.

Additionally, Axon Enterprise, Inc. (NASDAQ:AXON) acquired Dedrone last year which also strengthens its capabilities in drone technology and provides its field importance. According to analyst Power, the drone and robotics industries are valued to be worth more than $20 billion, thereby presenting an opportunity for the company to deploy more DFR programs.

Axon Enterprise, Inc. (NASDAQ:AXON) is a global technology company focused on public safety. It manufactures and provides various products including TASER energy devices, body and in-car cameras, and cloud-based software for managing digital evidence.

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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