Axon Enterprise, Inc. (NASDAQ: AXON) is a high growth large cap stock to watch. Morgan Stanley analyst Meta Marshall reduced the price target to $713 from $760 but maintains an “Overweight” rating. The company’s strategic focus on integrating AI capabilities in law enforcement data management positions it as a critical player in the industry.

Axon Enterprise, Inc. (NASDAQ: AXON) issued a redemption notice for its 0.50% convertible senior notes due 2027, planning to redeem all outstanding notes on February 10, 2026. The company’s emphasis on public safety technology solutions continues to drive innovation and growth in the sector.

Investors are advised to be selective with Axon Enterprise, Inc. (NASDAQ: AXON) as some AI stocks may offer greater upside potential with lower downside risk. For a potentially undervalued AI stock with significant growth potential, check out the free report on the best short-term AI stock.

For more insights on AI stocks, analysts recommend checking out 13 Cheap AI Stocks to Buy and 11 Unstoppable Growth Stocks to Invest in Now. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Morgan Stanley Reduces PT on Axon Enterprise (AXON) Stock