AXA S.A., FR0000120628

J.P. Morgan keeps Buy on AXA stock with EUR 52.00 target

Published on 10/08/2026 at 12:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AXA stock costs EUR 41.52 on October 8, 2026 and sits below its EUR 45.66 yearly high. The gap is 9.07 percent.

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J.P. Morgan maintained its Buy rating on AXA stock and a EUR 52.00 price target in a report dated October 7, 2026, according to Markets Insider. AXA stock was at EUR 41.52 at Lang & Schwarz on October 8, 2026 at 12:14 p.m. CEST.

EUR 52 target stays in place

The target leaves EUR 10.48 between the J.P. Morgan level and the Lang & Schwarz price. On the same basis, AXA stock was 9.07 percent below its EUR 45.66 52-week high on October 8, 2026.

The analyst call matters because the target was maintained while the insurer enters the final phase of its current strategic plan. The report also noted that RBC Capital maintained a EUR 52.00 target on September 25, 2026, according to Markets Insider.

Half-year metrics support case

AXA's first-half 2026 results showed underlying earnings per share up 8 percent, at the top of its 6 percent to 8 percent target range. Organic top-line growth was 5 percent, while the Solvency II ratio reached 218 percent, according to the Yahoo Finance transcript.

The operating detail was mixed but quantifiable. The property and casualty combined ratio stood at 90.10 percent in the first half of 2026, 0.10 percentage points higher than in the first half of 2025, while the result included EUR 0.10 billion of Middle East losses at AXA XL, as the same Yahoo Finance transcript reported.

Next indicator arrives October 29

AXA had agreed on October 1, 2026 to repurchase and cancel shares for up to EUR 470.80 million to offset the dilutive effect of Shareplan 2026, according to Webdisclosure. The transactions are scheduled to end by October 29, 2026.

AXA will publish its nine-month 2026 activity indicators on October 29, 2026, according to the company's AXA calendar. That release will provide the next reported checkpoint for the 2027 to 2029 plan.

AXA stock remains below its high

At Lang & Schwarz, AXA stock was trading at EUR 41.52 on October 8, 2026 at 12:14 p.m. CEST, down 1.26 percent versus the prior close of EUR 42.05. The further course of trading is shown by the continuously updated real-time quote of AXA stock.