
American Express (AXP) Stock Forecast & Price Target
American Express (AXP) Analyst Ratings
Bulls say
American Express has demonstrated resilience in its revenue streams, with an increase in the mix of US fee-paying consumers by approximately 8 percentage points year-over-year, translating to around 7-8 million new cards issued. Despite the rise in Variable Cardmember Expenses due to heightened rewards, the continued acceleration in new account growth in both the Consumer and Commercial segments offsets any deceleration in same-customer spending. This solid growth trajectory in new accounts indicates a robust demand for American Express's services, suggesting a favorable outlook for the company's financial performance.
Bears say
The analysis highlights a troubling decline in American Express's new card acquisition (NCA), which showed both quarter-over-quarter and year-over-year decreases despite recent product launches, indicating potential long-term challenges in attracting customers. Additionally, the company's revenue guidance for 2026 suggests a need to dramatically scale back marketing growth, potentially stifling revenue expansion and signaling deteriorating underlying business trends. The adverse impact of weakening capital market valuations further exacerbates concerns, particularly as it disproportionately affects Amex's customer base, raising questions about the sustainability of recent financial performance.
This aggregate rating is based on analysts' research of American Express and is not a guaranteed prediction by Public.com or investment advice.
American Express (AXP) Analyst Forecast & Price Prediction
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