Axon Enterprise, a police-technology company, has gained 2,000% in stock value over 10 years by embedding AI into body cameras and evidence software—and one Wall Street analyst says it could rise another 103%.

Axon Enterprise, which supplies body cameras, evidence-management software, and dispatch systems to police departments, is integrating AI features into these products. The company's stock has returned 2,000% to investors since 2014, and an analyst predicts further upside of 103% from current prices.

Unlike consumer AI companies, Axon builds AI directly into tools that law enforcement already buys—body cameras that auto-tag evidence, software that helps officers search incident reports faster, and dispatch systems that prioritize emergency calls. This makes AI a feature that sticks, not a separate product officers have to learn.

For police departments, AI-powered search and auto-tagging means detectives spend less time hunting through hours of footage or documents and more time investigating cases. For Axon shareholders, the bet is that this AI integration makes the company harder to replace and justifies higher prices as departments pay for smarter software, not just hardware.