Axon Enterprise Inc. (NASDAQ:AXON) is considered one of the best industrial stocks to buy by Wall Street analysts, with a strong Buy rating from 14 analysts and an average price target of $814.58, indicating 47.85% upside potential from the current price of $550.67.

TD Cowen reaffirmed a Buy rating and $925 price target for Axon Enterprise, citing the company’s $3 billion scale prospects and recent revenue growth of 32% in the past year. They view the stock as a compelling entry point following a pullback, with strong growth drivers in the connected hardware/software ecosystem.

Axon Enterprise, Inc. (NASDAQ:AXON) is a technology company focusing on public safety solutions for law enforcement, military, and commercial markets. Their mission is to “Protect Life” through an integrated ecosystem of devices, software, and services.

While acknowledging Axon’s potential as an investment, some analysts believe other AI stocks offer greater upside potential with less downside risk. For those interested in undervalued AI stocks benefiting from current trends, a report on the best short-term AI stock is recommended.

No disclosures. This article was originally published on Insider Monkey.

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