11 Stocks with Consistent Growth to Buy Now

4. Axon Enterprise, Inc. (NASDAQ:AXON)

5-Year Average Growth Rate: 146.22%

No. of Hedge Funds: 64

Headquartered in Arizona, Axon Enterprise, Inc. (NASDAQ:AXON) is a public safety technology company known for its TASER devices, body-worn cameras, and digital evidence management platform, Axon Evidence. Law enforcement, corrections, and federal agencies globally make up its customer base. In addition to Motorola Solutions, the company competes with other private niche players. It differentiates itself through its cloud-based software ecosystem, recurring SaaS revenue model, and policy-focused R&D. With its integrated solutions, the company modernizes public safety and promotes accountability in criminal justice.

Axon Enterprise, Inc. (NASDAQ:AXON) commands a high average growth rate per year of 146.22% for the previous 5 years, contributed by the company’s dominance in public safety technology. In 2024, for the third consecutive year, the company achieved 30% growth in revenue, reaching more than $2 billion. The demand for TASER 10 continues to grow, with the company having booked over $5 billion in business last year, adding to its continuous growth. Additionally, with high adoption rates for AI products, Axon Enterprise, Inc. (NASDAQ:AXON) has made significant investments in AI, drones, and robotics, which are expected to drive the revenue for 2025 to between $2.55 billion and $2.65 billion.

Axon Enterprise, Inc. (NASDAQ:AXON) is supported by 64 hedge funds at the end of Q4 2024, marking an upward trend in investor confidence in the long-term scalability of the company. Portfolios seeking high-performing stocks may benefit from the company’s consistent growth.