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 -4.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $American Express (AXP.US)$'s main analysts recently are as follows:
Expectations for American Express's earnings per share in 2024 have been adjusted upwards on account of improved expenses and credit metrics. Conversely, revenue growth projections have been scaled back to the lower spectrum of the previously forecasted 9%-11% range, as billings expansion remains at a modest 6%. Achieving the company's long-term goal of surpassing 10% in revenue growth could prove challenging without a significant increase in card expenditure. Projections now indicate a more modest growth trajectory of 8%-9% for 2025-26.
Post-Q3 report observations indicate that American Express is maintaining guidance toward the lower spectrum of its initial revenue growth forecast of 9%-11% for fiscal 2024, with a reliance on an increase in expenditures moving forward to reach its 10% aspirational goal. Nevertheless, the company's projection for mid-teens earnings growth appears attainable, supported by the adaptability inherent in its business model.
Following the Q3 report, which indicated that revenue was marginally below consensus due to softer discount revenue, yet balanced by increased net interest income, adjustments were made to the financial model for American Express.
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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Evercore分析師John Pancari維持$美國運通 (AXP.US)$持有評級，維持目標價290美元。
根據TipRanks數據顯示，該分析師近一年總勝率為44.6%，總平均回報率為-4.8%。
此外，綜合報道，$美國運通 (AXP.US)$近期主要分析師觀點如下：
由於支出和信貸指標的改善，對美國運通2024年每股收益的預期已上調。相反，由於賬單增長仍保持在6％的溫和水平，收入增長預測已縮減至先前預測的9％-11％區間的較低範圍。如果不大幅增加信用卡支出，實現公司收入增長超過10％的長期目標可能具有挑戰性。現在的預測表明，2025-26年的增長軌跡更爲溫和，爲8％-9％。
第三季度報告後的觀察表明，美國運通維持了對2024財年9％-11％的初始收入增長預測的較低區間的指導，這依賴於未來支出的增加來實現其10％的理想目標。儘管如此，該公司對十幾歲中期收益增長的預測似乎是可以實現的，這得益於其商業模式固有的適應性。
第三季度報告顯示，由於折扣收入疲軟，收入略低於市場預期，但被淨利息收入增加所抵消，此後，對美國運通的財務模型進行了調整。
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