Evercore analyst John Pancari maintains $American Express (AXP.US)$ with a hold rating, and maintains the target price at $290.
According to TipRanks data, the analyst has a success rate of 44.6% and a total average return of -4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $American Express (AXP.US)$'s main analysts recently are as follows:
After American Express's Q3 report, it is noted that the company is aiming for the lower spectrum of its initial revenue growth forecast of 9%-11% for fiscal 2024. It may be necessary for the company to witness an uptick in spending to reach its 10% and higher aspirational targets. Nonetheless, the potential for mid-teens earnings growth appears to be within reach, considering the adaptability of the company's business model.
Following American Express's Q3 report, which revealed revenues modestly trailing expectations due to a softer discount revenue that was compensated by an increase in net interest income, the analyst has updated their model.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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