Can American Express Achieve FY24 Growth Target? This Analyst Thinks So
Portfolio Pulse from Lekha Gupta
Piper Sandler analyst Kevin J. Barker upgraded American Express Co (NYSE:AXP) to Neutral from Underweight with a price target of $151, up from $150. Despite expecting revenue growth to slow and headwinds from weaker credit, Barker projects the company to deliver EPS growth of ~10% over the next two years. He also raised the FY24 revenue estimate to $65,475.8 million from $64,565 million earlier.
October 24, 2023 | 5:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
American Express has been upgraded to Neutral from Underweight by Piper Sandler analyst, with a price target of $151. The analyst projects a 10% EPS growth over the next two years and has raised the FY24 revenue estimate.
The upgrade by Piper Sandler analyst and the raised price target indicates a positive outlook for American Express. The projected 10% EPS growth over the next two years and the increased FY24 revenue estimate also suggest potential growth for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100