In a quasi-stable CAC 40 at close, AXA posts one of the sharpest gains of Thursday, September 3, 2026. The rebound comes as Keefe Bruyette & Woods significantly raises its price target on the stock, in a context of elevated sovereign yields that weighs on global bond markets overall.
Price target raised to €55.50 by Keefe Bruyette & Woods, driver of the rebound
Keefe Bruyette & Woods raised its price target on AXA this Thursday from €47.00 to €55.50, while initiating an "outperform" opinion on the security. This new target represents an upside potential of nearly 25% compared to the closing price of €44.21. BNP Paribas Wealth Management had for its part raised on September 1st its target from €53.00 to €56.00, confirming its buy recommendation on the stock.
These two upward revisions set the bar well above the current price, reflecting analysts' confidence in the group's trajectory. When AXA released its H1 2026 results on July 31st, management indicated it was on track to achieve the objectives of its "Unlock the Future" plan. The rise in sovereign yields, with the 10-year US Treasury yield approaching 4.8% and the British gilt reaching 5.268% (a level unseen since 2008), constitutes a historically favorable context for insurers, whose investment income is sensitive to bond yield levels.
Stock trading near its moving averages, in a stable Paris market
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
At €44.21, the stock is trading practically at the level of its two short and medium-term moving averages: the 20-day MA is at €44.14 (difference of +0.16%) and the 50-day MA at €44.29 (difference of -0.18%), two levels that the price is hugging closely. The €43.53 support was broken during the August 27 session, before the stock regained ground. The 200-day MA at €40.91 remains well below, with a difference of more than 8%, a sign that the underlying momentum remains bullish over the year. The RSI at 43 reflects a neutral configuration, with no oversold or overbought signals.
The CAC 40 closed in near-equilibrium (+0.07%), in a context of persistent geopolitical tensions in the Gulf following the resumption of strikes exchanges between Iran and the United States, which pushed Brent above 95 dollars per barrel. The resistance at €45.57 constitutes the next level to overcome to confirm the recovery.
we expect underlying earnings of circa. Euro 8.6 billion with underlying EPS growth at the top end of the target range
Risks mentioned
Softening market conditions in large commercial P&C
Natural catastrophe exposure with normalized Nat Cat load of 4.5 points of combined ratio
Interest rate sensitivity with -50bp interest rates shock expected to result in -1pt impact in Solvency II ratio
Opportunities identified
Growth in Life & Savings segment driven by ageing populations and pressure on existing systems
Expansion in direct distribution channel with rising demand for affordable insurance and digital experiences
Deployment of AI across value chain with expected annual recurring benefits of €500-700m (pre-tax) by 2029
Outlook / guidance
Expected EBITDA: 500 millions d'euros
Expected net income: 8 600 millions d'euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
