Here’s Why Wall Street is Bullish on Axon Enterprise (AXON)

​Axon Enterprise, Inc. (NASDAQ:AXON) is one of the Under-the-Radar Stocks to Buy with Massive Upside Heading into 2026. Wall Street is bullish on the stock despite a 25.10% fall in share price since the company’s fiscal Q3 2025 earnings were released on November 4.

​On November 20, Jeremy Hamblin from Craig-Hallum reiterated a Buy rating on Axon Enterprise, Inc. (NASDAQ:AXON) without disclosing any price targets. On the same day, Andrew Sherman from TD Cowen maintained a Buy rating on the stock with a $925 price target.

​The company during the fiscal Q3 2025 grew its revenue by 30.57% to $710.64 million, surpassing estimates by $5.81 million. However, the EPS of $1.17 fell short of the consensus by $0.37. According to a November 5 report by Reuters, the third-quarter profits of Axon Enterprise, Inc. (NASDAQ:AXON) were heavily impacted due to higher costs from US tariffs. CFO of the company, Brittany Bagley, noted post earnings call, that the third quarter was the first quarter where the company realized the full impact of tariffs, as a result, they are looking at a year-over-year step down.

​However, analyst Andrew Sherman from TD Cowen believes that the decline in share price presents an attractive entry point for investors. He noted the company to be well-positioned to become a high-growth powerhouse, driven by its innovative product portfolio and strong market momentum.

​Axon Enterprise, Inc. (NASDAQ:AXON) is a company that focuses on providing advanced technology solutions for law enforcement and public safety. The products developed by the company include hardware such as cameras and TASERs, and cloud software for managing evidence and operations.

While we acknowledge the potential of AXON to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AXON and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.