Needham & Company Reiterates Buy Rating on Axos Financial

Analysts see 30% upside potential for the digital banking company's stock

Mar. 16, 2026 at 12:19pm

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Needham & Company LLC has reaffirmed its "buy" rating and $110 price target on shares of Axos Financial (NYSE: AX), citing the company's strong financial performance and growth potential. Axos Financial is a San Diego-based digital banking and financial services firm that has seen its stock rise over the past year.

Why it matters

Axos Financial has been able to grow its business and customer base through its technology-driven banking platform, which provides a range of deposit products and services to both retail and commercial clients. The reiteration of the "buy" rating and price target by a respected research firm signals confidence in the company's continued success.

The details

In a research note, Needham & Company analysts said Axos Financial's current stock price of $84.66 represents a potential upside of nearly 30% to their $110 price target. The analysts cited the company's strong financial performance, including a 25% year-over-year increase in revenue for the most recent quarter. Axos Financial has also been expanding its product offerings and customer base through its digital banking platform.

  • Needham & Company issued the research note on Monday, March 16, 2026.

The players

Axos Financial

A diversified online banking and financial services holding company headquartered in San Diego, California.

Needham & Company LLC

An equities research firm that has reiterated its "buy" rating and $110 price target on Axos Financial's stock.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Axos Financial's strong financial performance and growth potential, as recognized by Needham & Company's research, suggest the digital banking company is well-positioned to continue expanding its customer base and product offerings in the competitive online banking space.