11 Trending AI Stocks on Latest News and Ratings

5. Axon Enterprise, Inc. (NASDAQ:AXON)

Number of Hedge Fund Holders: 64

Axon Enterprise, Inc. (NASDAQ:AXON) is an industrial company that develops and sells safety devices and services for law enforcement, military, and civilians. Its product line includes body cameras, dashcams, and energy weapons. The company is also integrating AI features into its camera networks to enhance video analytics. On February 26, TD Cowen reiterated a Buy rating on the stock and hiked the price target to $725 from $700.

The price hikes come on the heels of Axon Enterprise, Inc. (NASDAQ:AXON) delivering solid fourth-quarter and full year 2024 results that affirm robust underlying growth. Axon also provided a solid fiscal year 2025 guidance that surpassed analyst’s projections by 25%. The research firm expects the revenue base to grow by between 30% and 35% to over $2 billion. The impressive outlook comes on Axon closing 10 deals as part of its AI Era plan. One of the main factors driving the company’s growth has been its focus on cutting-edge technologies, especially in artificial intelligence (AI) and real-time operations.