
American Express (AXP) Stock Forecast & Price Target
American Express (AXP) Analyst Ratings
Bulls say
American Express has demonstrated robust new account growth in both its Consumer and Commercial segments, which counters the deceleration in same-customer spending. Despite a rise in Variable Cardmember Expenses, the overall strength in billed business growth, a critical metric for the company's revenue, indicates a positive trajectory for future financial performance. The company's ability to acquire new customers while potentially maintaining or increasing card fees suggests a resilient competitive position in the global financial services market.
Bears say
The analysis indicates that American Express is experiencing unexpected weakness in New Card Acquisition (NCA), which has declined both quarter-over-quarter and year-over-year, undermining the company's growth targets for 2026 and necessitating a significant reduction in marketing growth. Despite the recent launch of the Platinum Card, the company has provided uninspiring revenue guidance, which suggests a potential stagnation in revenue growth, estimated at only 5-8% without the contribution from the Platinum refresh. Additionally, there are concerns regarding the spending capabilities of super-prime consumers, further weakening the underlying business trends and contributing to a negative outlook for American Express's stock.
This aggregate rating is based on analysts' research of American Express and is not a guaranteed prediction by Public.com or investment advice.
American Express (AXP) Analyst Forecast & Price Prediction
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