Morgan Stanley cuts target for American Express stock to USD 380.00

Published on 10/13/2026 at 12:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley kept Equal Weight on October 12, 2026. American Express stock costs EUR 280.95 on October 13, 2026 versus EUR 280.10.

Key points in brief

Morgan Stanley lowered its American Express price target to USD 380.00 from USD 382.00 while keeping Equal Weight.
American Express reported 10.00 percent revenue growth and diluted earnings per share of USD 4.53 in the second quarter of 2026.
The Lang and Schwarz price was EUR 280.95 on October 13, 2026, 0.30 percent above the Xetra close of October 12, 2026 at EUR 280.10.
Third-quarter 2026 results are scheduled for October 23, 2026, before the US market opens.

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American Express stock (ISIN US0258161092) was at EUR 280.95 at Lang and Schwarz on October 13, 2026, at 12:05 p.m. CEST, 0.30 percent above the Xetra close of October 12, 2026 at EUR 280.10. The latest analyst action came from Morgan Stanley, which cut its target to USD 380.00 from USD 382.00 on October 12, 2026, while keeping an Equal Weight rating, Markets Insider reports.

Morgan Stanley trims target

The USD 2.00 reduction leaves the Morgan Stanley target above the current US listing price, but the revision points to a more cautious 2027 backdrop. The analyst cited higher rates, sticky inflation and elevated energy prices while still expecting third-quarter results to show consumer resilience.

What does growth mean for costs?

American Express delivered 10.00 percent revenue growth and diluted earnings per share of USD 4.53 in the second quarter of 2026, according to the Yahoo Finance transcript of the July 24, 2026 earnings call. Earnings per share rose 11.00 percent year over year, while management raised full-year 2026 revenue growth guidance to 10.00 percent and retained earnings per share guidance of USD 17.30-17.90.

The trade-off is reinvestment. Management said the revenue outperformance would fund customer acquisition and technology, while full-year operating expense growth remained targeted in the mid-single digits. That keeps the growth story intact, but it also explains why analysts are testing the valuation rather than simply raising targets.

Three dated American Express signals

On July 24, 2026, the company reported 10.00 percent revenue growth and USD 4.53 diluted earnings per share for the second quarter. On September 23, 2026, American Express scheduled its third-quarter results webcast for October 23, 2026, American Express said. On October 12, 2026, Morgan Stanley cut its target to USD 380.00 from USD 382.00.

Next dates for Amex

The next scheduled event is the third-quarter 2026 earnings release on October 23, 2026, at approximately 7:00 a.m. ET, followed by the earnings conference call at 8:30 a.m. ET, according to American Express.

Stock remains inside yearly range

The NYSE listing closed at USD 311.53 on October 12, 2026, while its 52-week range was USD 290.97 to USD 387.49, according to the quoted market data. American Express had a market capitalization of USD 210.4 billion as of October 12, 2026. The current euro quote sits above the Xetra close by EUR 0.85, a modest move that leaves the analyst revision as the clearest near-term reference point.

The further course of trading is shown by the continuously updated real-time quote of American Express stock.