Needham raised the firm’s price target on Axos Financial (AX) to $102 from $92 and keeps a Buy rating on the shares. The company closed out FY25 on a strong foot, beating Street estimates on the top and bottom line due to a combination of net interest margin upside and stronger fee income, the analyst tells investors in a research note. The loan pipeline update was also encouraging, with management noting that Axos is well-positioned to organically grow loans towards the high end of targeted growth range, the firm added.
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