Street View: American Express' strong earnings lead to split views on prospects

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