Evercore ISI Lowers American Express (AXP) Price Target after Q4 Results

Vardah Gill

Mon, February 23, 2026 at 10:54 AM GMT+9 2 min read

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American Express Company (NYSE:AXP) is included among the 14 Best Warren Buffett Dividend Stocks to Buy.

Evercore ISI Lowers American Express (AXP) Price Target after Q4 Results

On February 10, Evercore ISI analyst John Pancari lowered his price recommendation on American Express Company (NYSE:AXP) to $393 from $400. The analyst maintained an In Line rating on the shares. The adjustment came after the company released its fourth-quarter results, prompting the firm to update its earnings estimates.

Earlier, on January 30, American Express projected full-year profit that came in mostly above Wall Street expectations. The outlook reflected continued strength in spending from its younger and more affluent customers. Still, a slight miss in holiday-quarter earnings put some pressure on the stock. The results also showed a widening gap in spending behavior across income groups. Many U.S. consumers have been cutting back as higher borrowing costs and persistent inflation weigh on household budgets. In contrast, higher-income customers have continued spending on travel, dining, and luxury purchases.

“We’re not projecting any discontinuity. Spend that Gen Z and millennials have on their American Express cards is now bigger than Gen X,” AmEx CFO Christophe Le Caillec told Reuters. Le Caillec noted that this marked a first for the company’s US consumer segment and highlighted its long-term strategy to attract younger, premium customers.

American Express expects earnings per share between $17.30 and $17.90 in 2026. The midpoint of that range stands above analysts’ average estimate of $17.41 per share, based on LSEG data. For the fourth quarter, the company reported a profit of $3.53 per share for the period ending December 31. That came just below estimates of $3.54 per share. Citigroup analysts said the slight miss was mainly due to higher expenses, which increased 10% to $14.5 billion in the final three months of 2025.

American Express Company (NYSE:AXP) operates as a global payments company. Its business includes card issuing, merchant acquiring, and card network services. The company serves a wide range of customers, from individual consumers and small businesses to mid-sized firms and large corporations worldwide.

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