AXA stock gains as Berenberg keeps EUR 77 target

AXA stock traded at EUR 43.93 on Euronext Paris at 9:35 a.m. on September 23, 2026, up 0.05 percent from the prior close of EUR 43.91. The move followed a fresh analyst update as Investing.com reported on September 23, 2026 that Berenberg reiterated its Buy rating and EUR 77 price target.

Berenberg keeps the EUR 77 target

Berenberg's EUR 77 target is EUR 33.07 above the September 23 price of EUR 43.93, a difference of 75.3 percent. The same report said AXA traded at a price-to-earnings ratio of 11.8 and a PEG ratio of 0.31 on September 23, 2026, giving the valuation argument a concrete basis.

The analyst view followed AXA's strategy update dated September 15, 2026. According to AXA, the company presented its 2027 to 2029 strategy and financial targets. The update sets underlying earnings per share compound annual growth at 7 to 9 percent for 2027 to 2029, compared with 6 to 8 percent for 2024 to 2026.

Profitability targets move higher

AXA also raised its return on equity target to 15 to 17 percent for 2027 to 2029 from 14 to 16 percent for 2024 to 2026, according to Investing.com on September 23, 2026. AXA had already reached a return on equity of 17 percent over the twelve months ended in the second quarter of 2026.

The growth plan also includes a 6 to 7 percent gross-revenue target for short-term life and health insurance for 2027 to 2029. The cited strategy context says AXA delivered a 6 percent compound annual growth rate in that area during 2024 to 2026 and improved margins by 310 basis points, making the new target a quantified extension rather than a broad ambition.

Stock remains below the yearly high

Euronext data showed AXA at EUR 44.73 on September 18, 2026, with volume of 12,823,440 shares, a market capitalization of EUR 93.529 billion and a 52-week range of EUR 36.55 to EUR 45.66. The September 18 close stood EUR 0.93 below the 52-week high, while the range places the stock EUR 8.18 above its low.

For investors, the central tension is visible in the numbers: AXA's strategy targets point to higher earnings growth and return on equity, while the share price remains below the recent high. The EUR 77 Berenberg target and the EUR 52.04 average analyst target cited by Marketscreener are assessments, not company guidance.

AXA stock trades at EUR 43.93

AXA stock traded at EUR 43.93 on Euronext Paris as of 9:35 a.m. on September 23, 2026, with a daily gain of 0.05 percent. The latest reported market capitalization available from Euronext was EUR 93.529 billion as of September 18, 2026.

More news and analyses on AXA stock