What Analysts Are Saying About American Express Stock
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings on American Express (NYSE:AXP), showing a mix of perspectives with an average 12-month price target of $209.6, indicating a 5.93% increase from the previous target. The company's financials reveal strong performance, including a revenue growth rate of 13.27% and a net margin of 12.06%, outperforming industry averages.
March 28, 2024 | 4:01 pm
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Analysts have a mixed outlook on American Express, with a new average 12-month price target of $209.6, reflecting a 5.93% increase. The company's strong financial performance is highlighted by significant revenue growth and profitability.
The updated analyst ratings and increased price target for American Express reflect a positive sentiment towards the company's stock, likely due to its strong financial performance including a notable revenue growth and high net margin. These factors contribute to a bullish short-term impact on AXP's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100