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.

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