Wall Street analysts see 76% upside in Axon Enterprise versus 40% in Palantir, citing AI-driven public safety products and stronger valuation relative to earnings growth.

Axon Enterprise reported fourth-quarter sales increased 39% to $797 million, with non-GAAP net income soaring 84% to $2.15 per diluted share. Contracted bookings increased 43% to $14.4 billion.

Axon is integrating AI into law enforcement hardware and software: Axon Vision analyzes video to alert users to critical situations; Vehicle Intelligence tracks vehicles by make, color, and license plate; Draft One automates report-writing from body-camera audio; Axon Assistant is a conversational chatbot querying evidence and agency policies.

Wall Street's median target price of $700 per share implies 76% upside from Axon's current share price of $397, compared with a 40% upside median target of $200 per share for Palantir. Axon trades at 55 times adjusted earnings with estimated 24% annual earnings growth through 2027, while Palantir trades at 190 times adjusted earnings with estimated 57% annual earnings growth through 2027.