15 High-Growth Large-Cap Stocks to Invest In Now

12. Axon Enterprise Inc. (NASDAQ:AXON)

Market Capitalization: $34.78 Billion

Expected 5-Year Earnings Growth: 26.59%

Number of Hedge Fund Holders: 59

Axon Enterprise (NASDAQ:AXON) is one of the high-growth large-cap stocks to invest in now. On June 15, Piper Sandler reiterated an Overweight rating on Axon Enterprise (NASDAQ:AXON) and maintained a $674 price target.

According to the research firm, Axon Enterprise is slowly becoming an operating system for its customers amid platformization. It has also achieved significant international wins, and trials appear to be increasing. The research firm expects artificial intelligence driving on-premise to cloud migrations to be a positive factor for the company.

Consequently, it expects the company to deliver 30% growth, which would align with the 34% revenue growth over the past 12 months. Nevertheless, Piper Sandler has warned that Axon Enterprise shares lack a near-term catalyst beyond execution and product releases. However, it views the current levels as an ideal entry point, which is why the stock is a top pick.

Axon Enterprise Inc. (NASDAQ:AXON) is a public safety technology company that develops connected hardware, software, and AI-powered solutions designed to de-escalate conflicts and protect life. Formerly known as TASER International, its ecosystem is used by law enforcement, military agencies, corrections, and commercial enterprises.