Axon Stock Rebounds as Government Deploys Body Cameras
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy AXON?
Source: stocktwits
- Stock Rebound: Axon shares rose over 4% in pre-market trading on Tuesday, and if this gain holds during regular trading hours, it will end a four-day losing streak and recover some of its year-to-date losses, indicating a resurgence of market confidence in the company.
- Government Deployment Plan: U.S. Secretary of Homeland Security Kristi Noem announced that every officer in Minneapolis will be equipped with body cameras, and as funding becomes available, this program will expand nationwide, likely increasing demand for Axon's products in the public safety sector.
- Surge in Market Sentiment: Retail message volume on Stocktwits surged by 1,275% in the last 24 hours, reflecting a shift in investor sentiment towards Axon from 'bearish' to 'extremely bullish', which could further drive the stock price upward.
- Market Share Advantage: Axon holds approximately 85% of the body camera contract market share among major U.S. cities and public safety buyers, and despite a 31% decline in stock price over the past year, its market leadership provides a strong foundation for future growth.
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Analyst Views on AXON
Wall Street analysts forecast AXON stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 423.570
Low
610.00
Averages
800.38
High
925.00
Current: 423.570
Low
610.00
Averages
800.38
High
925.00
About AXON
Axon Enterprise, Inc. is a technology company that provides integrated hardware and software solutions. The Company's products and services allow customers across the public and private sector to capture and use critical data to support fully-connected operational workflows. The Software and Services segment include the development, manufacturing and sale of cloud-based Software-as-a-Service (SaaS) solutions that leverage AI and enable its customers to capture, securely store, manage, share and analyze video and other digital evidence. Its offerings include Axon Evidence, Draft One, Axon Records, Axon Standards, Axon Fusus, and Axon Assistant, among others. Its Connected Devices segment develops, manufactures and sells fully integrated hardware solutions such as conducted energy devices (CEDs) sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Impact Analysis: The cruise industry has been severely impacted by soaring oil prices due to Middle East tensions; however, Carnival's risk-reward profile now skews positively, prompting HSBC to upgrade its rating from hold to buy, reflecting concerns over near-term earnings uncertainty.
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- Strategic Agreement Negotiations: Micron is negotiating 3-5 year strategic agreements with hyperscalers to lock in base volumes and adjust quarterly pricing, which should support contract prices; despite a target price reduction from $510 to $425, it still offers a 32% upside.
See More
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- Cost-Effectiveness Demand: Defense Secretary's warning against using $2 million missiles to shoot down $20,000 drones highlights the urgent need for defense tech companies to accelerate the development of low-cost drones to meet modern warfare demands.
- Market Opportunities: The U.S. Department of Defense consumed $5.6 billion in munitions within two days of the Iran war outbreak, indicating a pressing need for new drone and counter-drone technologies, which is rapidly boosting valuations and market shares of related startups.
- Accelerated Technological Innovation: The U.S. has introduced the Low-cost Uncrewed Combat Attack System (LUCAS), priced at approximately $35,000, which is becoming a key technology in countering Iranian drone threats and is expected to attract more defense budget allocations.
- Intensified Industry Competition: Although spending in the defense tech sector accounted for less than 1% of contract dollars in 2025, startups like Anduril and Palantir have secured multi-billion dollar contracts, reflecting strong market demand for high-tech solutions.
See More
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- Drone Technology Deployment: The U.S. has deployed the Low-cost Uncrewed Combat Attack System (LUCAS) in the Iran war, costing approximately $35,000 per unit, marking one of the few new systems emerging and highlighting the urgent demand for low-cost technology that could reshape future combat strategies.
- Surge in Demand: Defense tech startups report skyrocketing demand since the U.S. first struck Iran, with many customers willing to buy out capacity or request ramped-up production, reflecting a strong appetite for innovative technologies in modern warfare.
- Budgetary Challenges: Despite defense tech accounting for less than 1% of contract dollars in 2025, the Trump administration's plan to raise military budgets to $1.5 trillion by 2027 could provide new opportunities for startups in the sector.
- Production Capacity Dilemma: Many defense tech firms face a dilemma over whether to scale production to meet clear demand signals without stable contracts, as the uncertainty surrounding government contracts complicates their expansion strategies.
See More
AppLovin's Axon Advertising Engine Remains Under the Radar
- Low Advertising Engine Visibility: Although AppLovin's advertising engine Axon has potential in the market, its relatively low recognition among advertisers may hinder its market penetration and customer acquisition capabilities.
- Competitive Pressure: In the highly competitive ad tech sector, Axon's obscurity could pose challenges in attracting new clients and retaining existing ones, thereby impacting the company's overall revenue growth.
- Need for Brand Awareness: To enhance Axon's market position, AppLovin may need to increase its marketing and branding efforts to build advertisers' awareness and trust in its product.
- Strategic Adjustment Necessity: As the advertising market rapidly evolves, AppLovin must assess the market positioning and promotional strategies of its advertising engine to ensure it maintains a competitive edge in the future.
See More
Analysis and Outlook: Shaken Confidence
- Market Volatility: Stocks fluctuated throughout the day, alternating between gains and losses.
- Diplomatic Uncertainty: Investors were reacting to conflicting statements from the Trump administration and Iranian officials regarding potential back-channel diplomacy aimed at resolving the ongoing conflict.
See More
