We recently published Jim Cramer Discussed Trump, CEOs & These 10 Stocks. American Express Company (NYSE:AXP) is one of the stocks Jim Cramer discussed.
American Express Company (NYSE:AXP)’s shares are up by 12% over the past year and are down by 3.8% year-to-date. BTIG raised the firm’s share price target to $328 from $307 and kept a Sell rating on the stock in January. The financial firm based its decision on estimates about spending data, deposit rates, and Fed Funds rate probabilities. BTIG added that credit conditions appeared to be stable and there appeared to be no volatility on the horizon. Similarly, JPMorgan raised American Express Company (NYSE:AXP)’s share price target to $385 from $360 and kept a Neutral rating on the shares. President Trump’s recent suggestion to cap credit card interest rates at 10% played a role in JPMorgan’s coverage. The bank remarked that if the cap is implemented, then the entire card industry could be reshaped in the form of lower profitability and reduced access to credit. Cramer briefly discussed American Express Company (NYSE:AXP)’s CEO and the firm’s popularity with younger users:
Pixabay/Public Domain
“Steve Squeri’s so good, he’ll able to continue to get his Gen Z cohort, and people like my wife will continue to buy the black card just so they can take out the black card. . .”
While we acknowledge the potential of AXP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
