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

On November 20, analysts astatine TD Cowen reiterated their Buy standing and $925 terms people for Axon Enterprise. The probe steadfast besides highlighted Industrials arsenic 1 of the “Best Ideas for 2026,” noting that the institution is connected the cusp of different twelvemonth of precocious maturation astatine astir $3 cardinal successful scale. The remarks travel connected the backmost of the company’s 32% gross maturation implicit the past 12 months and 31% five-year compound yearly maturation rate.

Following the caller pullback, TD Cowen views Axon Enterprise’s stock terms arsenic a compelling introduction constituent astatine astir 10 times EV/CY27E sales. A connected hardware/software ecosystem, beardown caller merchandise innovation, and a loyal lawsuit basal are expected to thrust growth.

Axon Enterprise, Inc. (NASDAQ:AXON) is simply a exertion institution that develops connected nationalist information and information solutions for instrumentality enforcement, military, and commercialized markets. Its ngo is to “Protect Life” by providing an integrated ecosystem of devices, software, and services.

While we admit the imaginable of AXON arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.