American Express (AXP) Upgraded to Hold After Strong Quarterly Performance and Card Launch

American Express Company (NYSE:AXP) ranks among the best financial stocks to buy according to billionaire Ken Fisher. Freedom Capital Markets boosted its price target for American Express Company (NYSE:AXP) from $280 to $325 on October 24 after the company’s third-quarter 2025 results, upgrading the stock from Sell to Hold. For the third quarter of 2025, the company reported earnings per share of $4.14, up 19% year-over-year and 4% higher than expected. In contrast, revenue exceeded estimates by 2% to reach $18.43 billion.

American Express Company (NYSE:AXP) performed well in its quarterly report, with steady growth in key areas. Higher revenue, smaller provisions, and share repurchases more than made up for higher operational and tax costs.

CEO Squeri also lauded the updated U.S. Consumer and Business Platinum Cards’ successful launch, pointing out that initial demand and engagement surpassed projections, and account acquisitions doubled from pre-refresh levels.

American Express Company (NYSE:AXP) is a global financial company that offers credit and charge cards, banking, travel, lifestyle, and expense management services, along with fraud prevention and loyalty programs.

While we acknowledge the potential of AXP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.