Wall Street Analysts Think Axos Financial (AX) Could Surge 28.5%: Read This Before Placing a Bet

Core Viewpoint - Axos Financial (AX) shares have increased by 9.5% in the past four weeks, closing at $65.50, with a mean price target of $84.17 indicating a potential upside of 28.5% [1] Price Targets and Analyst Estimates - The mean estimate consists of six short-term price targets with a standard deviation of $3.60, where the lowest estimate of $80 suggests a 22.1% increase, and the highest estimate of $88 indicates a 34.4% increase [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Optimism - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 0.8%, with two estimates moving higher and no negative revisions [10] Zacks Rank and Investment Potential - AX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] - While consensus price targets may not be reliable for predicting stock gains, the implied direction of price movement appears to be a useful guide [11]