JP Morgan Raises American Express (AXP) Price Target to $365
Key Points
- JP Morgan increased its price target for American Express from $360 to $365, reflecting confidence in the company's performance.
- JP Morgan's $365 price target implies 16.36% upside from American Express Company's ($AXP) current $313.69 share price.
- As of October 26, 2026, American Express shares traded at about $313.69, which is below the new target and the 52-week high.
- The stock has a forward P/E ratio of 15.5 and a dividend yield of 1.21%, indicating its potential for income and growth.
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On October 26, 2026, JP Morgan raised its price target for American Express Company (AXP) to $365 from $360, while maintaining an Overweight rating. This update comes as the firm continues to show confidence in the company’s ability to generate strong results.
American Express shares closed at $313.98 on the same day, which is about equal to the recent trading price of $313.69. The stock is currently below its 50-day moving average of $319.19 and its 200-day moving average of $327.30. It also trades below its 52-week high of $387.49 by about 19%, indicating some room for growth relative to its peak performance.
AXP
American Express Company
JP Morgan vs. the S&P 500
Hypothetical returns from JP Morgan's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in American Express
Several other institutional investors have recently adjusted their positions in American Express. Capital Investment Advisors added 9,178 shares, bringing its total to 183,587 shares worth approximately $55.8 million. Fisher Asset Management, LLC increased its holdings by 176,675 shares, totaling about 9.4 million shares valued at roughly $2.96 billion. Meanwhile, U S Global Investors reduced its stake by 3,930 shares, leaving it with no shares in the company.
American Express Company Stock Down 3.5%
As of October 26, 2026, American Express shares are trading below their recent highs, which could signal a buying opportunity for investors looking for growth. The stock's current price is also below the mean analyst price target of $368.72 and the consensus recommendation remains a buy. The company’s market cap stands at approximately $211.5 billion.
$AXP price target
American Express Company daily closes and this analyst's $365 target. Not advice.
Recent Earnings
American Express reported a trailing twelve-month revenue of about $72.8 billion, with a year-over-year revenue growth of 15.3%. The company has a net margin of 16.8% and a strong return on equity of 35.9%. The next earnings report is scheduled for January 29, 2027, which could provide further insights into its financial health.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.3%. Revenue beat estimates by 11.0%.
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Profit surprise
Operating income beat by 33 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises, 1 target cut.
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Earnings quality
Gross margin up 1.0 points. Operating margin up 14.0 points. Positive free cash flow.
Earnings Call Summary
American Express had a very strong first quarter with revenue growth of 11 percent and earnings per share of $4.28, up 18 percent year over year. Card member spending grew 10 percent, the highest quarterly growth in 3 years, driven by strength in travel and dining. The company is investing heavily in commercial products, artificial intelligence capabilities, and sports partnerships including a new multiyear agreement with the National Football League to become the league's official payments partner.
Guidance American Express reaffirmed full year guidance of 9 to 10 percent revenue growth and earnings per share of $17.30 to $17.90, despite delivering 11 percent revenue growth in the first quarter. The company is reinvesting the outperformance in marketing and technology instead of raising guidance.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Analysts Set New Price Targets
On October 26, 2026, JP Morgan maintained its Overweight rating on American Express while raising its price target to $365. Barclays also maintained its Equal-Weight rating with a target of $340. Overall, the consensus price target among analysts is approximately $368.72, with 25 analysts covering the stock.
About American Express
American Express Company is a leading integrated payments company, offering various financial services globally. It operates through multiple segments, including U.S. Consumer Services and Commercial Services. The company's strong market position and recent performance have led analysts to remain optimistic about its future prospects.
Bottom Line
Investors should watch for American Express's next earnings date on January 29, 2027, as it could impact stock performance and analyst ratings. The recent price target increase by JP Morgan indicates continued confidence in the company’s growth potential.
Related Filing Alerts
Source: JP Morgan's rating change on $AXP (Oct 26, 2026). Written by software, not financial advice. How we make alerts