William Blair analyst Jonathan Ho has maintained their bullish stance on AXON stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors tied to Axon’s growth profile and competitive position. He highlights that Axon is already monetizing artificial intelligence in practical, mission‑critical workflows, supported by entrenched hardware placements, proprietary data, and customer trust, which together create high barriers to entry and reinforce its platform advantage.
Ho also points to Axon’s long‑term revenue objective of $6 billion by 2028, which implies a robust growth trajectory underpinned by ecosystem expansion and higher‑value software uptake, including strong ARR and software and services growth. In his view, the market’s broader concerns that AI could erode traditional software models have unfairly pressured the stock, whereas Axon is a clear beneficiary of AI trends, leaving meaningful upside from current levels despite recent share gains.
In another report released today, Barclays also maintained a Buy rating on the stock with a $682.00 price target.