** Credit card giant American Express AXP.N beat Wall St estimates for Q1 profit on Thursday, as its affluent customers shrugged off fears of a slowdown to continue spending on travel and entertainment
** Median PT of 31 brokerages covering the stock is $285 - data compiled by LSEG
SKEPTICISM AND OPTIMISM
** RBC ("outperform," PT: $310) sees management's confidence in durability of their customer base, spending trends and revenue outlook as a positive indicator for performance
** Deutsche Bank ("buy," PT: $371) says co's strong earnings growth and resilience are notable, but its current discount due to perceived economic sensitivity and macro uncertainties makes it challenging for stock to re-rate in near-term
** BTIG ("sell," PT: $240) is skeptical about co's ability to maintain its 2025 guidance, despite strong 1Q25 results
** Morningstar (fair value: $255) says co's affluent cardholder base and spending-focused business model provide a significant layer of protection against credit-related concerns
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。