Baird: American Express could be a $175 stock


Baird: American Express could be a $175 stock | Invezz

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >


Wajeeh Khan

Jun 17, 2022

Baird upgrades American Express to “outperform” with a PT of $175.

Gina Sanchez agrees with the bullish call on the credit card company.

AXP is down more than 25% from its year-to-date high in February.

Shares of American Express Company (NYSE: AXP) are up more than 5.0% on Friday after a Baird analyst turned bullish on the credit card company.

American Express has a 20% upside from here

David George raised his rating on AXP this morning to “outperform” with a price target of $175 that represents a 20% upside from here. The analyst acknowledged the macroeconomic uncertainty but said:

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Yes, credit quality will eventually normalize, and deposit betas will increase. In our view, however, these fears are more than priced into the stock as it trades at 15%-20% discount on preprovision net revenue, price/earnings, and cap/assets.

The American multinational reported its financial results for the first quarter in April that topped Wall Street expectations.

Gina Sanchez agrees with the bullish outlook

The CEO of Chantico Global also agrees that American Express Company is a buy at the current, cut down valuation. This afternoon on CNBC’s “The Exchange”, Gina Sanchez said:

Credit cards benefit from rising interest rates. And you need some interest rate protection in your portfolio. AXP checks all boxes; it’s got great margins and balance sheet. We’re banking on the fact that what they lose on consumption, they’ll gain on interest rate play.

Earlier this week, the U.S. central bank raised rates by 75 bps to tame inflation that hit a new forty-year high of 8.6% in May. Sanchez is bullish on all of the major credit card companies, but American Express, in particular, she says, is “better priced”.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,


75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Visit site

Finance & Banking


North America

Stocks & Shares



Generated by Feedzy