RBC Capital Initiates Coverage of Axon Enterprise (AXON) with ‘Outperform’, $860 PT

1 month ago 13

Maham Fatima

Tue, November 25, 2025 astatine 7:27 AM CST 2 min read

Axon Enterprise Inc. (NASDAQ:AXON) is 1 of the best QQQ stocks to bargain according to Wall Street analysts. On November 17, RBC Capital initiated sum of Axon with an Outperform standing and $860 terms target. This sentiment came retired arsenic RBC Capital believes that Axon is expected to prolong its 25% gross maturation owed to a beardown presumption successful a ample and increasing addressable market.

Earlier the aforesaid month, the institution released its Q3 2025 net report, where Axon Enterprise disclosed that it generated a full gross of $711 million, which was a 31% summation year-over-year. This show was led by the SaaS segment, which grew 41% year-over-year to $305 million. Connected Devices gross besides saw an summation of 24% year-over-year to $405 million.

RBC Capital Initiates Coverage of Axon Enterprise (AXON) with 'Outperform', $860 PT

Key merchandise maturation drivers included TASER 10, which led to a 17% TASER Revenue Growth, and Axon Body 4, driving a 20% Personal Sensors Revenue Growth. The Platform Solutions Revenue saw the astir accelerated expansion, surging 71%, driven by counter-drone technology, virtual reality, and fleet products. Additionally, the company’s ARR grew 41% to $1.3 billion, with nett gross retention remaining beardown astatine 124%. For Q4, Axon provided gross guidance of $750 to $755 cardinal with a full-year gross guidance of ~$2.74 cardinal (representing 31% maturation astatine the midpoint).

Axon Enterprise Inc. (NASDAQ:AXON) develops, manufactures, and sells conducted vigor devices/CEDs nether the TASER marque successful the US and internationally. It operates done 2 segments: Software & Sensors and TASER.

While we admit the imaginable of AXON arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.