DA Davidson raised its price target on Axos Financial (NYSE: AX) to $112.00 from $107.50 on Friday and maintained a Buy recommendation for the financial services company. The research house’s revised target implies upside from a current trading level of $97, with Axos trading close to its 52-week peak of $99.81.
According to InvestingPro data cited by analysts, Axos has returned 35.92% over the past year, a performance metric that underscores the stock’s recent strength.
The move by DA Davidson followed Axos Financial’s quarterly report, which the firm said showed strong core loan and deposit growth. DA Davidson also noted an approximately $0.04 earnings-per-share benefit tied to Axos’ late fiscal first-quarter acquisition of Verdant Commercial Capital.
On outlook, DA Davidson emphasized that Axos’ loan-growth trajectory remains healthy, with expectations in the low-to-mid teens range. The firm characterized that growth as relatively balanced across multiple lending segments and said it should support robust net interest income expansion - even as some pressure on net interest margins is anticipated.
DA Davidson left its Buy rating in place alongside the new $112 target, up from its prior $107.50 level.
Other brokerages adjusted their targets and stances after Axos posted second-quarter results for fiscal year 2026 that surpassed consensus. Axos reported earnings per share of $2.25, ahead of the $2.07 expectation, an 8.7% beat. Revenue reached $385.1 million compared with a forecast of $347.25 million, representing a 10.9% surprise to the upside.
Following the quarterly beat, Needham increased its price objective for Axos to $110 while retaining a Buy rating, citing stronger-than-expected core loan growth and fee income. Keefe, Bruyette & Woods similarly raised its target to $110, pointing to robust loan growth measured at 29% on a linked-quarter annualized basis as a primary factor.
Both Needham and Keefe, Bruyette & Woods flagged a constructive outlook for the second half of 2026, highlighting the potential for meaningful net interest income expansion should current trends continue. Collectively, the broker actions and the company’s reported results suggest a favorable near-term trajectory for Axos Financial, though analysts continue to monitor margin dynamics and execution across lending segments.