American Express (AXP, Financial) recently received an upgrade from Redburn Atlantic, which shifted its rating from Sell to Neutral. This change comes with a revised price target of $255, down from a previous target of $270. The stock has experienced a significant decline, dropping over 25% from its peak in January.
According to Redburn Atlantic, the current valuation of American Express now better aligns with the anticipated future returns of the company. Despite the upgrade, Redburn remains cautious about the company's ability to achieve its mid-term goal of 10% revenue growth. The firm's projections are below the broader market consensus, reflecting these ongoing concerns.
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 $290.88 with a high estimate of $371.00 and a low estimate of $230.00. The average target implies an upside of 15.24% from the current price of $252.42. 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 $268.23, suggesting a upside of 6.26% from the current price of $252.42. 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.
