American Express Stock Faces Target Cuts Ahead of Q3 Earnings

American Express stock was trading at USD 305.73 on the NYSE at 11:55 a.m. ET on October 6, 2026, up 0.56 percent from the previous close. Investors are closely watching to see if the company can sustain its second-quarter growth momentum heading into its upcoming earnings release.

Analysts have recently adjusted their price targets ahead of the earnings report. Barclays lowered its target to USD 342 from USD 364, maintaining an Equal Weight rating. The bank noted strong consumer conditions and favorable lending prospects based on intra-quarter data. TD Cowen also reduced its target to USD 335 from USD 338, keeping a Hold rating. The consensus among 30 analysts places the average target at USD 364.50, which is 19.2 percent above the current trading price.

American Express reported strong second-quarter 2026 results, with total revenues net of interest expense reaching USD 19.6 billion, up 10 percent year over year. Net income was USD 3.1 billion, and diluted EPS increased 11 percent to USD 4.53. The company's billed business and network volumes also showed significant growth, highlighting the link between premium-card demand and revenue outlook.

The next major test for American Express will come on October 23, 2026, when it releases its third-quarter earnings. The stock remains below its yearly high, with a 52-week range of USD 290.97 to USD 387.49 and a market capitalization of USD 206.5 billion.