Jim Cramer and Analysts Like These 10 Stocks

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

Average Price Target Upside: 38.21%

Number of Hedge Fund Holders: 64

On our list of stocks that Cramer and analysts like, Axon Enterprise, Inc. (NASDAQ:AXON) takes the 6th spot, and here’s what Cramer said about the company:

“Finally, there’s Axon, the body cam and taser company that owns the software as a service model for the local criminal justice system. I wish I had specifics about which jurisdictions are taking their package, but the growth continues to be shockingly strong both here and now overseas.

Maybe there aren’t enough analogs, but I always feel like Axon doesn’t get the attention it deserves from the analysts. I’ve liked it since it was Taser, TASR, and I like it even more even as the stock was up 130% last year, it needs a split to keep rolling.”

Axon (NASDAQ:AXON) is a company focused on creating TASER devices and providing hardware and cloud-based software solutions to support law enforcement in collecting, storing, managing, and analyzing digital evidence. On February 27, Barclays increased its price target on AXON stock to $726 from $585 and kept an Overweight rating on the stock after the Q4 report.

The analyst highlighted that Axon (NASDAQ:AXON) achieved its third consecutive year of over 30% sales growth. Additionally, the firm noted that T10 orders are continuing to surpass T7 orders, and 10 artificial intelligence Era Plan deals were finalized in Q4.