Wells Fargo Reiterates Buy on American Express with $415 Target

Wells Fargo analyst Donald Fandetti has reaffirmed his Buy rating on American Express (AXP) and set a price target of $415.00.

This is in line with Piper Sandler's Bill Carcache, who also issued a Buy recommendation for AXP last month.

However, Citi remains more cautious, maintaining a Hold rating on the stock.

The latest earnings report from American Express showed quarterly revenue of $21.6 billion and net profit of $3.11 billion, up from $19.93 billion and $2.89 billion in the same period last year.

Despite this positive trend, corporate insider sentiment is negative, with 55 insiders selling shares over the past quarter, compared to earlier this year.