Truist Financial raised its price target for American Express from $360 to $375 while maintaining a Buy rating. On July 1, Piper Sandler initiated coverage of the payments and consumer finance sector, positioning American Express as a key holding. A Discounted Cash Flow (DCF) model suggests AXP's fair value could be $403.04, indicating it is 16% undervalued. On July 7, TD Cowen raised its price target for American Express from $330 to $338 while maintaining a hold rating.
JPMorgan upgraded AXP to Overweight and hiked its price target to $400, citing improved financial prospects and expansion potential within the payments sector.
Read the full storyThe investment bank raised its target price while maintaining a hold rating following strong Q1 results featuring 11.4% year-over-year revenue growth.
Piper Sandler has initiated coverage on the payments sector with AXP as a key holding, amid DCF models suggesting the stock may be 16% undervalued.
Truist Financial increased its AXP price target while maintaining a Buy rating, citing 11.4% year-over-year revenue growth and an EPS beat.