8 AI Stocks on Investors’ Radar

4. Axon Enterprise Inc. (NASDAQ:AXON)

Number of Hedge Fund Holders: 46

Axon Enterprise Inc. (NASDAQ:AXON) is a weapons and surveillance technology firm known for its stun guns, bodycams, and dashcams used by police departments, prison agencies, immigration personnel, and private security globally. The company is also integrating AI in its Axon Evidence software to efficiently manage and store surveillance cam footage data that is helping minimize report writing time, accelerate evidence review and license plate scanning, and ultimately enhance incident response time.

On February 4th, JMP Securities increased Axon Enterprise Inc.’s (NASDAQ:AXON) target price to $725 per share from $610 and retained an “Outperform” stock rating. The brokerage favours the company due to positive industry checks, such as steady sales attainment as well as the company’s product story around improving officer efficiency and measurable time savings, facilitated by the firm’s software solutions. Analysts foresee growing attention and demand for counter-unmanned aerial system/counter-drone products for domestic and military/defense use cases.