In the latest round of trading, American Express Co. (Symbol: AXP) has seen its shares soar beyond the average analyst 12-month target price of $299.65, currently trading at $300.36 per share. When a stock hits this benchmark, analysts often face a choice: either downgrade their valuation or raise their target price. Their decision may hinge on recent developments within the company that could justify the rise in stock price.
Within the Zacks coverage universe, 26 analysts contribute to the average target for American Express Co. Although the average target reflects a collective estimation, opinions vary widely. One analyst has set a low target of $225.00, while another foresees the stock reaching as high as $371.00, leading to a standard deviation of $39.442.
Understanding the average target price is crucial as it captures broader market sentiment. As AXP exceeds the average target price of $299.65 per share, it prompts investors to evaluate the company’s future potential. They must decide whether this price is merely a stepping stone or if it signals a plateau where they should consider selling some shares. Below is a table detailing the most recent analyst ratings for American Express Co.:
| Recent AXP Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 9 | 8 | 8 | 8 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 15 | 15 | 15 | 15 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 3 | 3 | 3 | 3 |
| Average rating: | 2.52 | 2.57 | 2.57 | 2.57 |
The average rating shown in the table above ranges from 1 to 5, where 1 represents a Strong Buy and 5 denotes a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. To obtain the latest Zacks research report on AXP — at no cost — visit their website.
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Additional Resources:
• Affordable Consumer Shares
• FCO Historical Stock Prices
• WELL RSI
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
