TD Cowen cuts target for American Express stock to USD 335

American Express stock (ISIN US0258161092) was trading at EUR 269.85 at Lang & Schwarz on October 7, 2026 at 3:11 p.m. CEST, minus 0.52 percent versus the prior close of EUR 271.25. On October 6, 2026, TD Cowen lowered its American Express price target from USD 338 to USD 335 while keeping a Hold rating, according to Markets Insider.

TD Cowen trims its target

The change came in a third-quarter earnings preview and places TD Cowen's target below the current USD 364.50 average target cited for American Express by MarketBeat. The same report lists a Hold consensus, with 12 Buy ratings, 16 Hold ratings, one Strong Buy and one Sell.

Barclays also lowered its target from USD 364 to USD 342 on October 5, 2026, while keeping an Equal Weight rating, as Markets Insider reported. That second cut makes the gap between analyst views important for investors: target reductions coexist with a still-positive average valuation reference.

Second-quarter earnings beat estimates

American Express reported USD 14.99 billion of revenue in the second quarter of 2026, up 10.00 percent from the same quarter a year earlier. Diluted earnings per share reached USD 4.53, above the USD 4.41 consensus estimate and higher than USD 4.08 in the prior-year quarter, according to MarketBeat.

American Express has set fiscal 2026 earnings-per-share guidance at USD 17.30 to USD 17.90. The combination of 10.00 percent revenue growth and a USD 0.12 earnings-per-share beat gives the target cuts a more specific context than the price action alone.

Third-quarter results set for October 23

American Express plans to release its third-quarter 2026 results at approximately 7:00 a.m. ET on October 23, 2026, before an 8:30 a.m. ET earnings call, according to the company's Investor Relations release. That date gives the next major test for the revenue trajectory and the guidance range.

Stock remains below its yearly high

American Express had a market capitalization of USD 205.7 billion and a 52-week range of USD 290.97 to USD 387.49 as of October 7, 2026. The EUR 269.85 Lang & Schwarz quote therefore sits below the stock's primary-market yearly range after currency differences are considered, while the modest daily move leaves the analyst revisions as the clearest dated catalyst.

Price source: Lang & Schwarz, October 7, 2026 at 3:11 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of American Express stock.

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