Analysts Predict Upside for American Express and Robinhood
Financial sector analysts have expressed optimism about two major companies in the industry: American Express (AXP) and Robinhood (HOOD).
American Express, known for its rewards credit cards, has maintained a Buy rating from Bank of America Securities analyst Mihir Bhatia. With shares closing at $325.32 last Monday, they are close to their 52-week high of $326.28.
Bhatia is a well-respected analyst with a 5-star rating and an average return of 10.0%, as per TipRanks.com. He covers the Financial sector, focusing on stocks like Bread Financial Holdings, Capital One Financial, and Synchrony Financial.
American Express has an overall analyst consensus of Moderate Buy, with a price target consensus of $380.11. On the other hand, Robinhood has garnered a Strong Buy rating from analysts, with an average price target of $135.37 - implying a 20.6% upside from current levels.
Deutsche Bank's Brian Bedell reiterated his Buy rating on Robinhood, setting a price target of $138.00 after the company's shares closed at $114.14 last Monday. With an impressive track record, including an average return of 18.2%, Bedell has earned a 5-star rating from TipRanks.com.
Scotiabank also initiated coverage with a Buy rating on Robinhood, setting a price target of $136.00 in its report issued on September 2.