Analyst Explains Why He's Bullish on American Express (AXP) - 'Millennials and GenZ Are in This Ecosystem'

We recently published These 10 Stocks are Buzzing After Important Analyst Calls. American Express Company (NYSE:AXP) is one of the stocks analysts were recently talking about.

Kevin Simpson, Capital Wealth Planning founder and CIO, said in a recent program on CNBC that American Express can go higher.

“American Express. We think that the millennials and the Gen Z are in this ecosystem. Stocks that make new highs can go higher,” Simpson said.

GreensKeeper Asset Management stated the following regarding American Express Company (NYSE:AXP) in its second quarter 2025 investor letter:

“The top contributor to the portfolio in the second quarter was American Express Company (NYSE:AXP) +18.6%. AXP’s affluent customer base continued to spend in Q1, with revenues up 8% at constant currency, causing the stock to end the quarter just shy of its all-time high. During Q2, AXP announced upgrades to its US Consumer and Business Platinum cards, which will be released later this year. AXP continues to tailor its products to capture the spending of younger consumers, with Millennials and Gen Z now accounting for 35% of total US consumer spending. We believe these investments will strengthen the company’s network effect and further lock young consumers into AXP’s ecosystem as their incomes and card spending continue to rise. Additionally, AXP is widening its use cases on the commercial side of the business with recent product launches tailored towards working capital and expense management. This should expand the number of transactions that AXP can participate in and increase switching costs with commercial card users.”

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.