If You Invested $1,000 In American Express Stock When Warren Buffett's Berkshire Hathaway First Invested, You'd Have Over 3.5X Your Money Today
Portfolio Pulse from Surbhi Jain
American Express Company (NYSE:AXP) stock has appreciated about 350% since Warren Buffett's Berkshire Hathaway first invested in Q1 2001. The stock's price increased from around $40 to $187, turning a $1,000 investment into approximately $4,530. Berkshire Hathaway owns over 20% of AXP, making it their third-largest holding. Despite the significant gains, AXP is positioned to benefit from lower interest rates and inflation stabilization. Deutsche Bank and JP Morgan have issued Buy ratings and raised price targets for AXP to $235 and $205, respectively.
January 25, 2024 | 8:23 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
American Express has seen a 350% increase in stock price since Berkshire Hathaway's investment in 2001. With recent Buy ratings and increased price targets from Deutsche Bank and JP Morgan, the stock may continue to see positive momentum.
The positive historical performance of AXP, combined with the recent analyst upgrades and price target increases, suggests a continued bullish sentiment for the stock. The company's potential to benefit from economic conditions such as lower interest rates and stabilized inflation could further support its growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100