American Express Analysts Increase Their Forecasts After Q3 Earnings
Portfolio Pulse from Avi Kapoor
American Express (AXP) reported mixed Q3 results with revenue slightly below expectations but EPS beating estimates. Analysts have raised their price targets, reflecting a positive outlook despite a 2.2% drop in share price.
October 21, 2024 | 5:36 pm
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American Express reported mixed Q3 results with revenue slightly below expectations but EPS beating estimates. Analysts raised their price targets, indicating a positive outlook despite a 2.2% drop in share price.
The mixed earnings report showed a slight revenue miss but a beat on EPS, which is generally positive. Analysts raised their price targets, suggesting confidence in future performance. The 2.2% drop in share price may be a short-term reaction, but the raised targets indicate potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100