Axon Enterprise, Inc. (AXON) is a Buy Following Pull back and amid $3B Scale Prospects: TD Cowen

Core Insights - Axon Enterprise Inc. (NASDAQ:AXON) is highly regarded by Wall Street analysts, holding a strong Buy rating from 14 analysts, with an average price target of $814.58, indicating a potential upside of 47.85% from the current share price of $550.67 [1][2] Group 1: Analyst Ratings and Price Targets - TD Cowen has reiterated a Buy rating for Axon Enterprise with a price target of $925, emphasizing the company's potential for high growth with a projected scale of approximately $3 billion [2] - The average price target from Wall Street analysts suggests significant upside potential, reinforcing the positive outlook for the stock [1] Group 2: Company Performance and Growth Prospects - Axon Enterprise has experienced a 32% revenue growth over the past 12 months and a 31% compound annual growth rate over the last five years, indicating strong financial performance [2] - The company's share price is viewed as a compelling entry point, trading at approximately 10 times EV/CY27E sales, which reflects favorable valuation metrics [3] Group 3: Business Model and Market Position - Axon Enterprise is a technology company focused on developing connected public safety and security solutions for law enforcement, military, and commercial markets, with a mission to "Protect Life" through an integrated ecosystem of devices, software, and services [4]