Axon Enterprise and Airbnb identified as potential growth stocks

Axon Enterprise and Airbnb have been identified as potential long-term growth stocks currently trading below their previous highs.

Axon Enterprise is transitioning from a hardware provider to a software-based services platform for law enforcement. The company reported a 35% year-over-year revenue increase in the second quarter, driven largely by a 36% increase in software and services revenue. Axon is expanding its reach through AI-powered tools and has seen international bookings triple year-over-year, with future contracted bookings rising 41% to $15 billion.