Axon’s still got analysts drooling

Not just another “AI stock”

Axon has become one of those stocks that makes long-term holders look like geniuses at Thanksgiving. The company’s shares have climbed about 2,000% over the past 10 years, and yet analysts still think there’s room for the story to keep running.

Why Wall Street still likes it

The headline here isn’t that Axon is some meme-fueled moonshot. It’s that analysts covering the company still see it as undervalued, even after all that monster upside. That tells you two things:

• The market may still be underestimating Axon’s mix of hardware, software, and AI-driven public safety tools
• Investors aren’t just paying for today’s gadgets — they’re paying for a longer-term platform story

The investor angle

Sure, Nvidia and Palantir get the glory in the AI conversation. But Axon keeps sneaking into the chat like the friend who doesn’t post on social media but somehow always has a better investment thesis. If the Street’s math is right, there’s still meaningful upside left even after a decade of gains.

Big picture: when analysts keep calling a winner cheap after a 2,000% run, you probably want to at least look under the hood.