Axos Financial Inc Surpasses Analyst Price Targets: What’s Next for Investors?
Recently, shares of Axos Financial Inc (Symbol: AX) have risen above the average 12-month target price set by analysts, trading at $80.62 per share. When a stock hits its target, analysts typically have two responses: either they downgrade the stock due to valuation concerns or raise their target price. This decision can also depend on any positive developments within the company that may justify a higher valuation.
There are seven different analyst targets for Axos Financial Inc within the Zacks coverage universe. Although the average target is $79.43, individual analyst predictions vary. One analyst has set a target price of $74.00, while another is more optimistic with a price target of $85.00. The standard deviation among these targets is $4.72.
The reason for examining the average price target is to gauge market sentiment as reflected by multiple analysts. With the share price now above $79.43, investors should consider whether this marks only a temporary stop on the way to a higher valuation or if it’s time to take profits. Below is a summary of the current analyst ratings for Axos Financial Inc:
| Recent AX Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 2 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.86 | 1.83 | 1.83 | 1.83 |
The average rating in the table ranges from 1 to 5, with 1 being a Strong Buy and 5 being a Strong Sell. This analysis is based on data from Zacks Investment Research through Quandl.com. For more up-to-date insights, readers can access the latest Zacks research report on AX – FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
