Why Axon Stock Jumped 130% in 2024

Shares of Axon Enterprise (NASDAQ: AXON) were soaring last year as the law enforcement tech company continued to show brisk growth and introduce new products. The maker of products like Tasers and police body cameras also rose following the election on hopes that Trump administration policies like mass deportation would lead to more spending on its products by law enforcement agencies.

The tech stock finished the year up 130%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, the stock jumped following three out of its four earnings reports, showing that its results continue to blow past expectations.

Source Fool.com