
American Express (AXP) Stock Forecast & Price Target
American Express (AXP) Analyst Ratings
Bulls say
American Express has observed significant growth in its US fee-paying consumer base, which increased by approximately 7-8 million year-over-year, despite a slowdown in card fee growth. The company continues to experience accelerating new account growth in both its Consumer and Commercial segments, helping to mitigate the deceleration in same-customer spending. Furthermore, this growth trend, along with the maintenance or potential increase in card fees, presents a favorable outlook for the company's financial performance and overall business model.
Bears say
American Express is facing significant challenges evidenced by surprising weakness in new card acquisitions, which have declined both quarter-over-quarter and year-over-year despite a recent product launch. The need to drastically reduce marketing growth to low single digits in order to meet 2026 earnings per share targets indicates weakening underlying business trends, which suggest a deteriorating consumer base, including even super-prime customers. Additionally, unfavorable capital market conditions, including write-downs in private credit investments, are likely to further exacerbate the company's financial outlook.
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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