Axon Enterprise Takes Over #44 Spot from Baker Hughes in Analyst Rankings

Axon Enterprise Inc has surpassed Baker Hughes Company in analyst rankings, according to ETF Channel. Axon Enterprise has taken the #44 spot, while Baker Hughes has been relegated to #45. The rankings are based on the average analyst opinions from major brokerage houses. The shift in rankings could be seen as a positive for Axon Enterprise and a negative for Baker Hughes.

Axon Enterprise Inc. (NASDAQ: AXON) has recently surpassed Baker Hughes Company (NYSE: BKR) in analyst rankings, according to ETF Channel. As of September 12, 2025, Axon Enterprise has secured the #44 spot, while Baker Hughes has been demoted to #45. This shift in rankings is based on the average analyst opinions from major brokerage houses and can be seen as a positive development for Axon Enterprise and a negative one for Baker Hughes.

Axon Enterprise's rise in the rankings comes amidst a period of strong financial performance. The company has consistently outperformed many of the "Magnificent 7" tech giants, including Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Tesla (NASDAQ: TSLA), with a year-to-date (YTD) stock return of approximately 30.4% to 30.56% as of late September 2025 Axon Enterprise Defies AI Hype, Outperforms Tech Giants with Steadfast Growth^[1]. This remarkable performance is driven by its core public safety technology business, which includes conducted energy devices (Tasers), body cameras, and digital evidence management software.

Baker Hughes, on the other hand, has faced challenges in the energy sector, which may have contributed to its decline in analyst rankings. The company's revenue growth has been more modest compared to Axon Enterprise, and it has faced increased competition in its core markets.

The shift in rankings highlights the increasing investor appetite for companies with strong fundamentals and consistent growth, particularly those operating in critical sectors like public safety. Axon Enterprise's strategic focus on high-margin recurring revenue and its ability to integrate AI tools into its existing offerings have contributed to its success Axon Enterprise Defies AI Hype, Outperforms Tech Giants with Steadfast Growth^[1].

The road ahead for both companies will depend on their ability to adapt to market changes and maintain investor confidence. Axon Enterprise's continued growth and innovation in the public safety technology sector could further solidify its position, while Baker Hughes will need to address its challenges in the energy sector to regain analyst favor.