AXA S.A., FR0000120628

AXA stock: Jefferies keeps EUR 52.50 target and buy rating

Published on 10/23/2026 at 16:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AXA's underlying earnings per share rose 8.00 percent in half-year 2026. AXA stock costs EUR 41.42 on October 23, 2026, down 1.50 percent versus Xetra close.

Analyst view and key dates

Jefferies kept a buy rating and a EUR 52.50 target for AXA on October 23, 2026.
Underlying earnings per share grew 8.00 percent in the first half of 2026.
AXA stock costs EUR 41.42 at Lang & Schwarz on October 23, 2026 at 4:03 p.m. CEST, 1.50 percent below the Xetra close of October 22, 2026 and 9.23 percent below the 52-week high.

Moderne Glastürme des Geschäftsviertels La Défense unter blauem Himmel — Architektur-Render der La-Défense-Skyline zeigt Bürotürme im Umfeld von AXA S.A. (FR0000120628) in Paris, Illustration mit AI erstellt.

Jefferies kept a buy rating for AXA and maintained a EUR 52.50 price target in a research note dated October 23, 2026, according to MarketScreener. AXA stock was trading at EUR 41.42 at Lang & Schwarz on October 23, 2026 at 4:03 p.m. CEST, down 1.50 percent versus the Xetra close of October 22, 2026 at EUR 42.05.

Target leaves a EUR 11.08 gap

The Jefferies target stands EUR 11.08 above the Lang & Schwarz price. That equals 26.75 percent upside from EUR 41.42, calculated in euros and based on the October 23, 2026 quote. The rating itself is unchanged, so the immediate signal is a continued positive view rather than a new target increase.

Half-year earnings rose 8.00 percent

AXA reported 8.00 percent growth in underlying earnings per share for the first half of 2026. The figure was at the upper end of management's 6.00 to 8.00 percent full-year target range, while the Solvency II ratio reached 218.00 percent at June 30, 2026, according to the company's earnings-call transcript carried by Yahoo Finance. Management also reported a 90.10 percent property and casualty combined ratio for the half year.

October 29 brings the next update

AXA's next scheduled corporate update is its nine-month 2026 activity report on October 29, 2026, according to Ideal Investisseur. The same calendar identifies the half-year results as the latest completed reporting event, dated July 31, 2026.

AXA's market capitalization was EUR 83.6 billion as of October 23, 2026. Its 52-week range was EUR 36.56 to EUR 45.63, placing the Lang & Schwarz price 9.23 percent below the upper end of that range.

Stock remains below its yearly high

For investors, the current picture combines a 1.50 percent daily decline with a target that is 26.75 percent above the euro price. The next company update will provide the next dated test of AXA's operating performance.

The further course of trading is shown by the continuously updated real-time quote of AXA stock.