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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Reflecting cautious optimism within the financial services sector, TD Cowen has raised its price target for American Express (AXP) from $330 to $338 while maintaining a 'Hold' rating. This adjustment follows a robust first-quarter performance where the company beat earnings per share estimates and reported an 11.4% year-over-year increase in revenue. According to reports, the consensus average price target among analysts now stands at $368.50.
This update aligns with recent upward revisions from major institutions including Goldman Sachs, UBS, and Barclays, highlighting the resilience of premium consumer spending. In comparison to peers in the payment space, market data shows Visa (V) closed at $357.25 and Mastercard (MA) at $533.10 (as of July 6, 2026). Recent earnings data from Discover Financial Services (DFS) suggests ongoing credit quality challenges, a metric markets are closely monitoring to contrast with the typically more stable AXP portfolio.
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Sign InTraders should watch current price levels as AXP closed at $356.03 (as of July 6, 2026), a level that sits above TD Cowen's new target but remains below the broader consensus. Looking ahead, the market is awaiting the release of the US ADP Employment Change data later today, which could provide insights into labor market strength and its subsequent impact on credit card spending volumes.