By Trevor Jennewine
Publication Date: 2026-04-23 08:24:00
Axon Enterprise (AXON 0.45%) shares have advanced 2,000% over the past decade. But every Wall Street analyst covering the company thinks the stock is deeply undervalued at its current price of $405 per share.
- The most bearish forecast comes from Andrew Spinola at UBS. In February, he reiterated his target of $570 per share, implying 40% upside from the current price.
- The most bullish forecast comes from Andrew Sherman at TD Cowen. In April, he reiterated his target of $825 per share, implying 103% upside from the current price.
Axon has not performed as well as Nvidia and Palantir in recent years, but the company is integrating artificial intelligence into its product ecosystem, and it has a large addressable market that leaves plenty of upside.
Image source: Getty Images.
Axon is bringing AI capabilities to its industry-leading public safety products
Axon develops public safety technologies for law enforcement, enterprises, and government agencies. Its hardware portfolio includes conducted energy weapons (Tasers), body-worn cameras, and in-car cameras. Its software portfolio includes products for digital evidence management, records management, dispatch, and real-time operations.
Axon is the market leader in Tasers, body-worn cameras, and digital evidence management software, and the company is reinforcing its leadership position by developing adjacent artificial intelligence (AI) products.
In 2024, Axon introduced Draft One, generative AI software that automates…
