American Express stock price target raised to $380 from $360 at RBC Capital

Investing.com - RBC Capital has raised its price target on American Express (NYSE:AXP) to $380 from $360 while maintaining an Outperform rating on the stock. The company, currently trading at $321 with a market cap of $224 billion, has shown strong momentum with a 26.5% price return over the past six months. According to InvestingPro data, six analysts have recently revised their earnings estimates upward for the upcoming period.

The firm cited the strength of American Express’s customer base, earnings per share growth outlook, and strong credit quality as reasons for its continued preference for AXP among card companies. The company’s financial health score of "GOOD" on InvestingPro supports this view, with liquid assets exceeding short-term obligations and a solid track record of maintaining dividend payments for 55 consecutive years.

RBC Capital expects American Express to provide additional commentary this quarter regarding the Platinum card product refresh, which could impact the company’s performance.

The investment firm emphasized the importance of American Express continuing to define both near-term and medium-term revenue outlook, noting that expectations for the company remain high.

RBC Capital also expressed appreciation for American Express’s business strategy, which is driving a revenue mix with contributions beyond spending trends, including lending and membership fees.

In other recent news, American Express has launched Amex Ads, a digital advertising platform aimed at connecting brands with its 34 million U.S. Consumer Card Members. Initially available on AmexTravel.com, the platform is expected to expand to other American Express digital properties. The Reserve Bank of India has fined American Express 3.18 million rupees ($35,818) for not complying with credit and debit card issuance regulations, specifically for failing to return credit balances to certain cardholders. Additionally, American Express announced the retirement of Douglas E. Buckminster, its vice chairman, effective March 2026, with no further details on succession plans provided.

The company’s Board of Directors has declared a quarterly dividend of $0.82 per common share, payable on November 10, 2025, to shareholders of record as of October 10, 2025. Keefe, Bruyette & Woods has maintained its Outperform rating and $371 price target for American Express, highlighting the enhanced value proposition of the company’s updated Platinum card. These developments mark significant activities for American Express, reflecting both ongoing strategic initiatives and regulatory challenges.

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