American Express Shows Bullish Signals Ahead Of Q3 Earnings, But Analysts Hold Back
Portfolio Pulse from Surbhi Jain
American Express (NYSE:AXP) is set to report its Q3 earnings on Oct. 18, with Wall Street expecting $3.80 EPS and $16.67 billion in revenue. The stock has shown strong bullish momentum, trading above key moving averages and exhibiting positive technical indicators. However, analysts have a Neutral rating with a price target of $228.60, suggesting a potential downside of 6.54%.
October 17, 2024 | 2:22 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
American Express is showing strong bullish momentum ahead of its Q3 earnings report, trading above key moving averages. However, analysts have a Neutral rating with a price target of $228.60, indicating a potential downside of 6.54%.
The stock is currently trading above key moving averages, indicating bullish momentum. However, the consensus analyst rating is Neutral with a price target below the current trading price, suggesting a potential downside. This creates a mixed short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100