AXA S.A., FR0000120628

AXA stock reflects new 2027 earnings growth targets

Published on 10/03/2026 at 23:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AXA stock was last quoted at EUR 41.916 on October 2, 2026, while Goldman Sachs raised its target to EUR 50.00. AXA targets 15% to 17% ROE through 2029.

Dokumentarische Schwarzweißaufnahme einer modernen Bürolobby mit gehenden Personen — Schwarzweiß-Reportagefoto einer modernen Bürolobby symbolisiert Konzernalltag von AXA S.A. (FR0000120628) im Versicherungssektor von Paris, Illustration mit AI erstellt.

AXA stock (ISIN FR0000120628) was last quoted at EUR 41.916 on Euronext Paris on October 2, 2026, up 0.04 percent from EUR 41.900. The key catalyst is AXA's September 15 strategy update, which sets a 7% to 9% underlying earnings per share compound annual growth target for 2026 to 2029.

AXA sets higher 2029 targets

According to AXA on September 15, 2026, the company targets underlying return on equity of 15% to 17% for 2027 to 2029, compared with a 14% to 16% target for 2024 to 2026. The plan also includes a 75% total payout ratio target and mid-teens compound annual growth in book value per share from 2026 to 2029.

The strategy centers on customer-driven organic growth, pricing and underwriting discipline, cost control and wider use of artificial intelligence. AXA also expects 2026 underlying earnings per share growth and underlying ROE to reach the top end of their respective 6% to 8% and 14% to 16% target ranges, according to the same September 15 release.

Analysts lift their AXA targets

Goldman Sachs raised its AXA price target from EUR 48.50 to EUR 50.00 and maintained a Buy rating, according to MarketScreener on September 21, 2026. The report said analyst Andrew Baker lifted his 2027 to 2030 earnings estimates by an average of 3.8 percent after the investor day.

RBC Capital kept a Buy rating and a EUR 52.00 price target on September 25, 2026, as reported by Markets Insider. The same report cited second-quarter 2026 revenue of EUR 59.6 billion, up from EUR 52.04 billion a year earlier, while net profit rose to EUR 4.17 billion from EUR 3.92 billion.

AXA stock stays below its yearly high

AXA stock traded between EUR 41.620 and EUR 42.160 on October 2, 2026, with volume of 3,502,088 shares. Its 52-week range was EUR 36.55 to EUR 45.66, placing the reference price EUR 3.744 below the yearly high, or 8.2 percent lower.

The market capitalization stood at EUR 87.649 billion on October 2, 2026. For investors, the central test is whether AXA can convert the 7% to 9% earnings ambition into the higher 15% to 17% ROE range while maintaining its payout policy.