Raymond James upgraded Axos Financial (NYSE: AX) from Outperform to Strong Buy on April 7, 2026. The average one-year price target for the stock is $112.54 per share, indicating a potential increase of 26.14% from its recent closing price of $89.22 per share.
Axos Financial’s projected annual revenue is $1.052 billion, a decline of 16.97%, with a non-GAAP EPS forecast of $5.95. Institutional ownership has fallen by 47.59%, with 381 funds reporting positions in the company. Notably, total shares held by institutions decreased by 20.12% to 45.353 million shares, while the put/call ratio stands at 1.37, reflecting a bearish sentiment.
American Century Companies increased its stake in Axos Financial by 2.47%, now owning 2.475 million shares (4.37% ownership). Other institutions like Geode Capital Management and Ameriprise Financial also reported increases in their holdings over the last quarter.
