Monness analyst Gustavo Gala maintains $American Express (AXP.US)$ with a buy rating, and maintains the target price at $300.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 5.1% 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 the Q3 report, American Express has projected its revenue growth for fiscal 2024 at the lower end of the previously estimated 9%-11% range. The company acknowledges the necessity for a revival in spending to reach its 10% target. Nonetheless, the aspiration for mid-teens earnings growth seems attainable, considering the adaptability of the company's business model.
Following the Q3 report of American Express, which indicated that revenue was marginally below consensus with a weaker discount revenue counterbalanced 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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