Axos Financial (AX) Soars 2.75% on Price Target Hike

Axos Financial (AX) shares surged 2.75% today, marking the second consecutive day of gains, with a total increase of 3.23% over the past two days. The stock price reached its highest level since November 2024, with an intraday gain of 3.39%.

The strategy of buying AX shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.5%, significantly underperforming the market. This indicates that waiting for a recent high to enter a position often leads to underperformance, especially in the short term.

Conclusion: The strategy of buying AX shares after they reached a recent high and holding for 1 week yielded a return of only 0.16%, significantly underperforming the benchmark return of 49.45%. This suggests that the strategy was not only ineffective but also failed to capitalize on potential gains in the market.

Axos Financial's stock price has shown significant upward momentum in recent weeks. On July 3, 2025, the stock experienced a 6.2% increase, indicating potential for further gains. This positive trend was further supported by Needham's decision to raise its price target for Axos Financial shares from $88 to $92 on July 2, 2025. This adjustment contributed to higher trading activity and investor interest in the stock.

The company's strong performance and positive outlook have attracted the attention of investors, leading to increased demand for its shares. The recent price target adjustment by Needham reflects the growing confidence in Axos Financial's future prospects, further driving the stock's upward trajectory. As the company continues to demonstrate its strength in the financial sector, investors are likely to remain bullish on its stock, potentially leading to further gains in the coming weeks.