American Express Company

(New York Stock Exchange)
Back to all articles
Slightly Bullish +15

American Express stock: Morgan Stanley cuts target to USD 380.00

Analyst downgrade AI-generated analysis

πŸ“‰ Morgan Stanley cut its American Express price target from USD 382.00 to USD 380.00 on October 12, 2026.

πŸ“ˆ Q2 2026 revenue grew 10.00 percent year over year to reach USD 19.64 billion.

πŸ’° Net income rose 7.80 percent to USD 3.11 billion, with diluted EPS advancing 11.00 percent to USD 4.53.

πŸ“Š Operating cash flow for the quarter ended June 30, 2026, totaled USD 5.37 billion.

πŸ’Ή The stock trades at a trailing P/E ratio of 19.43 with a market cap of USD 216.7 billion.

πŸ“‰ Analysts are currently weighing premium card demand against the company's investment spending levels.

Bullish Signals
  • American Express delivered a stronger operating comparison in Q2 2026, with revenue rising 10.00 percent year over year to USD 19.64 billion.
  • Net income increased 7.80 percent to USD 3.11 billion while diluted earnings per share advanced 11.00 percent to USD 4.53.
  • The company generated significant operating cash flow of USD 5.37 billion for the period ended June 30, 2026.
Risk Factors
  • Morgan Stanley reduced its price target from USD 382.00 to USD 380.00 as analysts weigh investment spending against premium card demand.
  • The analyst's new target of USD 380.00 falls below the USD 400.00 level previously cited in earlier coverage.
Full Analysis
Morgan Stanley has lowered its price target for American Express from USD 382.00 to USD 380.00, citing a need to weigh the company's strong premium card demand against its ongoing investment spending. This adjustment brings the analyst's target below the USD 400.00 level previously cited in coverage, reflecting a cautious stance despite recent operational strength. American Express reported robust financial performance for the second quarter of 2026, with revenue rising 10.00 percent year over year to USD 19.64 billion. Net income increased by 7.80 percent to USD 3.11 billion, while diluted earnings per share advanced 11.00 percent to USD 4.53, driven by a stronger operating comparison and solid cash flow generation. The stock is currently trading around EUR 284.85, which corresponds to approximately USD 320.83 on the NYSE, placing it below its 52-week high of USD 387.49 but above its low of USD 290.97. With a trailing price-to-earnings ratio of 19.43 and a market capitalization of USD 216.7 billion, the company remains a key player in global payments and premium lifestyle services.