This Is What Whales Are Betting On American Express
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on American Express (NYSE:AXP), with 54% of investors opening trades with bullish expectations. The whale has been targeting a price range from $140.0 to $185.0 for American Express over the last 3 months. RBC Capital upgraded its action to Outperform with a price target of $200. The price of AXP is up 0.21% at $159.68.
September 20, 2023 | 4:47 pm
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POSITIVE IMPACT
Bullish stance by a whale investor and an upgrade by RBC Capital to Outperform with a $200 target could positively impact American Express's stock in the short term.
The bullish stance by a whale investor indicates a strong belief in the company's potential growth. Additionally, the upgrade by RBC Capital to Outperform with a $200 target suggests that the company is expected to perform well in the market. These factors could lead to an increase in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100