BMO sets USD 380.00 target for American Express stock
π BMO Capital Markets initiated coverage with an 'outperform' rating and a USD 380.00 price target for American Express.
π° The analyst view is supported by strong demand for premium cards and continued growth in fee-paying products.
π American Express will release its third-quarter 2026 results before the market opens on October 23, 2026.
π¦ As of mid-October 2026, AXP had a market capitalization of USD 214.9 billion and a P/E ratio of 19.25.
π The stock was trading at USD 318.20 on October 16, 2026, with a 52-week range of USD 290.97 to USD 387.49.
Bullish Signals
- BMO Capital Markets initiated coverage with an 'outperform' rating and a USD 380.00 price target.
- Analysts cite strong demand for premium cards and continued growth in fee-paying products as key drivers.
Full Analysis
BMO Capital Markets initiated coverage of American Express on October 9, 2026, assigning an 'outperform' rating and a USD 380.00 price target. This target represents a significant upside potential relative to the stock's trading price at the time, driven by BMO's specific view on sustained demand for premium cards and continued growth in fee-paying products.
American Express is scheduled to report its third-quarter 2026 financial results before the market opens on October 23, 2026, followed by an earnings call at 8:30 a.m. ET. As of mid-October 2026, the company held a market capitalization of USD 214.9 billion and traded with a trailing P/E ratio of 19.25 on the NYSE.
The stock was trading at approximately USD 318.20 in mid-October 2026, placing it within its 52-week range between USD 290.97 and USD 387.49. While the article notes recent price movements for peer companies like Visa and Mastercard, the primary focus remains on American Express's valuation metrics and upcoming earnings release.