- Wells Fargo sets a price target of $123 for NYSE:AXS, indicating a potential increase of approximately 27.41%.
- AXS upgraded to a Zacks Rank #2 (Buy), reflecting optimism in its earnings prospects.
- The company’s stock price currently stands at $96.54, with a year’s trading range between $77.21 and $107.19.
Axis Capital Holdings Limited, trading on the NYSE under the symbol AXS, is a global provider of specialty insurance and reinsurance solutions. The company operates in various segments, including insurance and reinsurance, offering products and services to clients worldwide. AXS competes with other major players in the insurance industry, such as Chubb and AIG.
On October 8, 2025, Wells Fargo set a price target of $123 for NYSE:AXS, suggesting a potential price increase of approximately 27.41% from its current price of $96.54. This optimistic outlook aligns with the recent upgrade of AXS to a Zacks Rank #2 (Buy), indicating a positive sentiment towards its earnings prospects. The Zacks rating system emphasizes the importance of earnings estimates in influencing stock prices.
The current price of AXS is $96.54, reflecting a 1.63% increase or $1.55. Today, the stock has traded between a low of $95.01 and a high of $96.96. Over the past year, AXS has experienced a high of $107.19 and a low of $77.21, showcasing its price volatility. The company’s market capitalization is approximately $7.55 billion, with a trading volume of 896,194 shares on the NYSE.
The Zacks upgrade reflects an upward trend in earnings estimates, a key factor in stock price movements. This suggests growing optimism about Axis Capital’s future performance. The Zacks Consensus Estimate of EPS, tracked by sell-side analysts, highlights the importance of a company’s changing earnings picture in determining near-term stock price movements.
