Axon Enterprise’s share price was $805.86 on July 9th. Jim Cramer notes Axon as a “New High Natural.” The company provides public safety technology, aiming to make bullets obsolete. Axon shows strong revenue growth, with a 31% YoY increase in Q1 2025. Despite high valuation, its growth prospects and market presence justify it.

Axon Enterprise’s total addressable market expanded to $129 billion in 2025. The company’s recent performance saw a 31% YoY revenue increase in Q1 2025, driven by AI-powered solutions and digital evidence management. Axon’s commitment to innovation and mission-driven approach are expected to sustain its long-term growth in the public safety technology sector.

In a bullish thesis on Axon Enterprise, Hidden Market Gems highlighted the company’s strategic integration of AI across its products. The stock price has appreciated by roughly 7.5%, showing growth potential. While Axon is not among the 30 most popular stocks among hedge funds, its innovative products and partnerships are expected to drive future growth.

61 hedge fund portfolios held Axon at the end of the first quarter. While the company carries risks, certain AI stocks offer greater upside potential with less downside risk. Investors seeking an undervalued AI stock that benefits from current trends can explore the best short-term AI stock highlighted in a free report.

Read more at Yahoo Finance: Axon Enterprise (AXON): A Bull Case Theory