
American Express (AXP) Stock Forecast & Price Target
American Express (AXP) Analyst Ratings
Bulls say
American Express is poised for growth with continued increases in new accounts and card fees pushing Billed Business volumes. Additionally, strong partnerships with key merchants such as Delta Air Lines will support profitability. However, given the current downturn in consumer finance valuations, a lower price target of $285 is more reflective of the company's historical multiple of 14-16x P/E. Economic data and market valuation levels may also impact Amex's performance in the super-prime consumer spending sector.
Bears say
American Express is expected to face several challenges in the coming quarters due to heightening competition, lack of differentiated products and a potential slowdown in spending levels, particularly in the commercial segment. Their focus on new account growth and rising card fees with younger consumers may not be sustainable in the face of macroeconomic pressures, while their new product rollout may not be enough to compete with fintech rivals. This, combined with a currently high valuation, leads 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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