Analysts Predict Upswing for AXP and HOOD Amid Financial Sector Optimism
Financial sector analysts are optimistic about two major companies: American Express (AXP) and Robinhood (HOOD).
American Express has maintained a Buy rating by Bank of America Securities analyst Mihir Bhatia, who also covers other financial stocks. His average return is 10.0% with a 64.9% success rate. The company's shares closed last Monday at $325.32, close to its 52-week high.
The consensus for American Express is Moderate Buy, with a price target of $380.11. Meanwhile, Robinhood has received a Buy rating from Deutsche Bank analyst Brian Bedell, who also focuses on financial stocks like Marketaxess Holdings and Cboe Global Markets. His average return is 18.2% with a 61.7% success rate.
The word on the Street suggests a Strong Buy consensus for Robinhood, with an average price target of $135.37, implying a 20.6% upside from current levels.