Is American Express Company (AXP) a Ridiculously Cheap Stocks to Buy According to Wall Street?

​American Express Company (NYSE:AXP) is one of the Ridiculously Cheap Stocks to Buy According to Wall Street Analysts. On March 23, Truist Securities lowered its price target on American Express Company (NYSE:AXP) from $400 to $360 and maintained a Buy rating on the stock.

​The firm noted that they raised EPS estimates for 2026 by 1% to $18, while lowering the adjusted Q1 2026 variable customer engagement ratio to 45% from 46%. The firm expects further decline to around 44% for the full-year and has also reduced the net charge-off ratio to 2.1% based on recent data.

​Trusit highlighted two main concerns from the investors, which led to the reduced estimates. These include risk-weighted asset inflation and impacts from white-collar job displacement. The firm noted that as a de facto Category II bank, American Express faces some Risk-Weighted Assets (RWA) inflation. Truist expects it to stay within the 10% to 11% target range by 2027. However, uncertainty lingers around the operational risk add-on tied to credit line income.

​American Express Company (NYSE:AXP) is a major bank holding company that offers a full digital payments network, including credit cards, charge cards, and financing alternatives.

While we acknowledge the risk and potential of AXP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AXP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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