American Express Stock Price: $165 Target (Up From $150) By Wells Fargo

By Amit Chowdhry ● April 5, 2021
  • The shares of American Express Company (NYSE: AXP) have received a price target increase from $150 to $165 by Wells Fargo. These are the details.

The shares of American Express Company (NYSE: AXP) have received a price target increase from $150 to $165 by Wells Fargo. And Wells Fargo analyst Donald Fandetti is maintaining an “Overweight” rating on the company shares.

Fandetti noted that American Express are expected to rally following incremental data points that are showing pent-up demand for travel and expense (T&E) spend — which is often used when talking about operational costs for businesses. 

As the pent-up spending ramps up, Fandetti is expecting American Express to see positive earnings revisions for 2022. And the company management will likely boost the guidance.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.