The 20-year-old victim, who has not been named by police, has been receiving treatment in hospital for injuries sustained in the incident.
Detective Inspector Ronnie Isles, of Central Scotland Police, said: "We are treating this incident as attempted murder and we appeal for anyone with information to come forward.
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Hide Ad"The victim was taken to hospital and where his condition was described as stable."
The attack happened at about 4am in Drip Road in the Raploch area of Stirling.