Analysts maintain a $390 price target for AXP as shares lag despite 18% Q1 EPS growth and strong capital returns.
American Express (NYSE:AXP) shares closed at $359.94 on July 14, below the Street’s $390.12 target, despite 18% year-over-year EPS growth in Q1. The company reaffirmed FY2026 EPS guidance of $17.30 to $17.90, trading at roughly 20x forward earnings.
AXP returned $2.3 billion to shareholders in Q1 and raised its dividend 16% to 95 cents per share, effective Q1 2026. Analysts cite 14 buy ratings versus one sell, with consensus at $372.22. Shares are down 3.43% year-to-date, contrasting with 10% FX-adjusted revenue growth.
The closed-loop network drives over 70% of new accounts into fee-paying products, differentiating AXP from transaction-based peers. Insider buying activity further supports the bullish outlook ahead of earnings.