#6 - Axon Enterprise (NASDAQ:AXON)
Remember in the introduction that growth stocks are notable for their ability to outpace the market. That certainly describes Axon Enterprise (NASDAQ: AXON) which has seen its stock increase by 52% thus far in 2021. However, investors who were aware of and invested in AXON stock in January 2018 have been rewarded with a 565% gain.
The company is most known for its Taser product, which launched the category of non-lethal weapons technology. Axon is expanding its product offerings into areas such as body cameras and Evidence.com, a cloud-based digital evidence platform. And although the company is frequently associated with law enforcement agencies, it also does business in correctional departments, fire and EMS departments, and even the U.S. military.
As our nation saw in 2020, there will be an increasing need for the company’s solution in an attempt to address issues of social justice. And from that perspective, Axon Enterprise is delivering for its customers and its shareholders.
About Axon Enterprise
Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.
Read More - Current Price
- $636.95
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $427.83 (32.8% Downside)
