
$American Express(AXP.US) American Express is highlighted by Piper Sandler as a key holding in the payments sector, experiencing share price returns of 6.88% over 30 days and 12.21% over 90 days. The stock is currently trading around $340, with a fair value estimate of $300 indicating it may be slightly overvalued. Contrarily, a discounted cash flow model estimates AXP's value at $400, suggesting potential undervaluation, underscoring the divergence in valuation assessments. I believe the big banks are relatively stable and able to withstand economy drawdown, and I believe AXP is currently fair valued. With expectations of rising interest rate come end of year, Bank stocks may look to rise a little more. @Bridge Buzz SG
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.


