Bank of America has increased its price target for American Express (AXP, Financial) to $275 from $274, while maintaining a Buy rating on the stock. The decision reflects a positive interpretation of American Express's first-quarter performance and management's optimistic outlook, despite uncertain economic conditions.
According to the analysis, American Express's steady spending patterns, high demand for premium cards, and favorable credit metrics stand out as key strengths. While some investors remain cautious about the company's ability to meet its targets in a potentially softening economic environment, BofA views this skepticism as an opportunity for strategic investment.
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 $292.27 with a high estimate of $371.00 and a low estimate of $230.00. The average target implies an upside of 16.30% from the current price of $251.31. 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 $267.42, suggesting a upside of 6.41% from the current price of $251.31. 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.
