Meet the Newest Stock in the Nasdaq-100. It's Soared 110,600% Since Its IPO and It's Still a Buy Heading Into 2025, According to Wall Street.

The Nasdaq Composite is one of the closely watched stock market indexes in the U.S. The wide-ranging tech-focused index tracks the performance of roughly 3,000 stocks listed on the exchange. The Nasdaq-100 is a subsection of that index, tracking the performance of approximately 100 of the largest non-financial companies on the Nasdaq stock exchange. To be a component of the Nasdaq-100, a company must meet the following requirements:Axon Enterprise (NASDAQ: AXON) is the most recent addition to the Nasdaq-100, joining the benchmark on Dec. 23 as part of its annual rebalancing, replacing biotechnology company Moderna. Since the company's IPO in mid-2001, the stock has soared 110,600% as of this writing.The company is best known for its flagship Taser stun gun, but Axon has expanded its line-up of law enforcement-supporting technology. Despite its relentless run, many on Wall Street believe the stock is still a buy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool