Freedom Broker upgraded American Express (AXP) to Buy from Hold. The brokerage increased its price target to $370 from $325. This revision followed the company's first-quarter fiscal 2026 results.
American Express reported earnings per share of $4.28. This figure represents an 18% increase year-over-year. Revenue reached $18.91 billion for the quarter. These results exceeded consensus analyst estimates.
Freedom Broker cited solid growth across key performance metrics for the positive outlook. BofA Securities also maintained a Buy rating and raised its price target to $387. Additionally, the company announced new benefits for Gold Card members to mark the card's 60th anniversary.