American Express stock faces target cuts before Q3 results

Published on 10/06/2026 at 17:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

American Express stock was trading at USD 305.73 on October 6, 2026, as Barclays cut its target to USD 342. Q2 EPS rose 11 percent to USD 4.53.

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American Express stock was trading at USD 305.73 on the NYSE at 11:55 a.m. ET on October 6, 2026, up 0.56 percent from the previous close. The immediate investor question is whether the company can carry its second-quarter growth into the October earnings release.

Analysts trim targets before results

Markets Insider reported on October 5, 2026, that Barclays lowered its American Express price target to USD 342 from USD 364 while retaining an Equal Weight rating. The bank cited its third-quarter earnings preview and said intra-quarter data and management commentary pointed to strong consumer conditions and favorable lending prospects.

MarketBeat reported on October 6, 2026, that TD Cowen cut its target to USD 335 from USD 338 and kept a Hold rating. The same report listed a Hold consensus, 30 analysts, and an average target of USD 364.50, placing the target 19.2 percent above the October 6 trading price.

Q2 growth meets credit discipline

American Express reported second-quarter 2026 total revenues net of interest expense of USD 19.6 billion, up 10 percent year over year, and net income of USD 3.1 billion. Diluted EPS reached USD 4.53, an 11 percent increase from USD 4.08 in the year-earlier quarter, according to the company filing summarized by StockTitan.

The same filing showed billed business of USD 455.8 billion and network volumes of USD 516.8 billion for the quarter ended June 30, 2026. Those figures make spending growth the key operating link between premium-card demand and the companys revenue outlook, while credit performance remains a central counter-factor for the lending business.

October 23 is the next test

American Express has set October 23, 2026, as the date for its third-quarter earnings conference call, according to the American Express investor-relations calendar. The scheduled update will show whether the companys 2026 revenue-growth target and spending momentum remain intact after the recent target reductions.

Stock remains below yearly high

American Express stock was trading at USD 305.73 on the NYSE on October 6, 2026, with a session range of USD 304.41 to USD 307.23. Its 52-week range was USD 290.97 to USD 387.49, while market capitalization stood at USD 206.5 billion and volume reached 537,020 shares.