American Express (AXP, Financial) has reaffirmed its financial guidance for the year, expecting revenue growth between 8% and 10%. The company also maintained its projected earnings per share (EPS) within the range of $15.00 to $15.50. This forecast aligns with the initial outlook shared in January, contingent upon stable economic conditions.
The decision is based on consistent spending and credit trends observed thus far. American Express remains committed to long-term strategic goals, emphasizing support for its customers and employees. The company plans to continue exercising careful expense management and make targeted investments to strengthen its business operations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for American Express Co (AXP, Financial) is $294.61 with a high estimate of $371.00 and a low estimate of $230.00. The average target implies an upside of 16.49% from the current price of $252.92. More detailed estimate data can be found on the American Express Co (AXP) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, American Express Co's (AXP, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for American Express Co (AXP, Financial) in one year is $267.47, suggesting a upside of 5.75% from the current price of $252.92. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the American Express Co (AXP) Summary page.
