Axon Enterprise (AXON – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Meta Marshall from Morgan Stanley maintained a Buy rating on the stock and has a $635.00 price target.
Meta Marshall has given her Buy rating due to a combination of factors that highlight Axon Enterprise’s strong position in the public safety technology sector. The company’s recent Axon Week 2025 event showcased significant innovations across its product portfolio and partnership ecosystem, reinforcing its competitive edge and potential for sustained growth.
A key factor in the Buy rating is the company’s robust growth rate in the 25-30% range, which is becoming more sustainable as software, particularly AI offerings, becomes a larger part of the business model. This growth is further supported by Axon’s expansion into adjacent markets and the integration of new technologies, such as additional sensors and AI capabilities, which enhance its platform and encourage centralized spending by agencies. These advancements, along with the successful adoption of new features like Draft One, bolster confidence in Axon’s ability to maintain its growth trajectory and penetrate new markets.
Marshall covers the Technology sector, focusing on stocks such as Arista Networks, Cisco Systems, and Coherent Corp. According to TipRanks, Marshall has an average return of 4.7% and a 52.69% success rate on recommended stocks.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $726.00 price target.