Axon Enterprise, Inc. (NASDAQ: AXON ) in between 12 Best-Performing S&P 500 Stocks in the Last 10 Years.
Axon Enterprise, Inc. (NASDAQ: AXON ) has been one of the best-performing S&P 500 stocks over the past 10 years. On February 25, TD Cowen announced that Axon Enterprise, Inc. (NASDAQ:AXON) raised its price target to $950 from $925 while maintaining its rating on the company’s shares. The company indicated a 53% increase in company bookings in the fourth quarter and a revenue forecast of 27% to 30% for fiscal 2026, which was above the Street estimate of 25.5%.
The company’s software mix growth is expected to boost margins during the forecast period. In addition, Axon announced a 125% net revenue retention rate, despite accelerating annual recurring revenue.
RBC Capital also cited Axon’s fourth quarter 2025 performance and 2026 financial guidance as evidence of the company’s ability to diversify into innovative product categories and sectors while maintaining a leadership position in US public safety. RBC Capital said it is preparing Axon Data Mots and Network Effects to manage the risk of AI decentralization.
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 AXON’s potential as an investment, we believe some AI stocks offer higher potential and less risk. If you’re looking for the most undervalued AI stocks that stand to benefit significantly from Trump-era tariffs and the offshore trend, check out our free report Best short-term AI stocks.
Read more: 10 Best Magic Formula Stocks for 2025 and The 10 Best Retirement Stocks to Buy According to Hedge Funds.
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