Truist Securities Reaffirms Buy Rating on American Express
Truist Securities maintains a buy rating on American Express, setting a $375 price target, a 10.18% upside from the current price.
Key Points
- Truist Securities reiterated its buy rating on American Express (AXP) with a price target of $375 as of June 24, 2026.
- Truist Securities's $375 price target implies 10.18% upside from American Express Company's ($AXP) current $340.36 share price.
- American Express shares traded near $337.78 on Wednesday, with a market cap of approximately $230.67 billion.
- Insider transactions included sales by Chief Partner Officer Glenda McNeal and purchases by multiple executives in May.
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On June 24, 2026, Truist Securities reaffirmed its buy rating on American Express Company (NYSE: AXP), maintaining a price target of $375. Analyst Brian Foran emphasized a continued positive outlook for the company.
Truist Securities vs. the S&P 500
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Analysts Set New Price Targets
Truist Securities maintained its buy rating on American Express, setting a price target of $375 on June 24, 2026. Loop Capital initiated coverage with a buy rating and a $389 target on May 22, 2026. Other firms, including Goldman Sachs and B of A Securities, also maintained their buy ratings with targets of $400 and $387, respectively.
American Express Company Stock Up 2.1%
Shares of NYSE:AXP traded near $337.78 on Wednesday. American Express has a market cap of about $230.67 billion, with a P/E ratio of 21.1 and a forward P/E of 16.8. The stock's 52-week range is between $288.34 and $387.49. It has a 50-day moving average of $318.79 and a 200-day moving average of $337.43.
$AXP price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at American Express Company
Recent insider activity at American Express includes the sale of 7,033 shares by Chief Partner Officer Glenda McNeal on June 15, 2026, at an average price of $339.36. In May, several executives, including Karen Parkhill and Thomas Baltimore Jr., each purchased 742 shares.
About American Express
American Express Company provides integrated payment solutions worldwide, offering credit and charge cards, travel, dining, and lifestyle services. It operates through segments like U.S. Consumer Services and International Card Services. Headquartered in New York, the company is led by CEO Stephen Joseph Squeri and employs approximately 76,800 people.
Bottom Line
Truist Securities' reiteration of its buy rating on American Express underscores continued confidence in the company's outlook. With shares trading near $337.78, investors are keeping a close watch on upcoming financial reports and market movements. As always, 13F filings and analyst ratings provide a backward-looking snapshot of institutional sentiment.
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