Is Axon Enterprise Stock a Buy, Sell, or Hold in 2025?

The new year is only two months old, but there's already been plenty of excitement around Axon Enterprise (NASDAQ: AXON). The law enforcement technology stock was one of the best performers on the S&P 500 in 2024, more than doubling last year, leaving investors wondering if it can keep up its momentum in 2025. As the chart below shows, Axon is down for the year as an analyst note about a fallout with partner Flock Safety led to a sharp sell-off in the third week of February.