Shares of American Express Co (NYSE:AXP) tanked in early trading on Friday, after the company on Thursday reported its first-quarter results.

Here are the key analyst insights:

  • BofA Securities analyst Mihir Bhatia maintained a Buy rating, while raising the price target from $381 to $387.
  • BTIG analyst Vincent Caintic maintained a Sell rating and price target of $285.

Check out other analyst stock ratings.

BofA Securities: American Express delivered strong quarterly results, with revenue of $18.907 billion and earnings of $4.28 per share, topping Street expectations of $18.642 billion and $4.06 per share, respectively, Bhatia said in a note. He added that the beat was driven by "better revenue and credit provisions, partially offset by higher OpEx."

The company also highlighted the success of the Platinum refresh and engagement strength, the analyst stated. Despite the earnings beat, American Express kept its full-year guidance unchanged as it plans to increase investments in marketing and technology "to capitalize on the long-term opportunity," he further wrote.

BTIG: The pull forward of billed business into the first quarter should have driven revenue growth higher than the company's 2026 guidance of 9%-10%, Caintic said. He added, however, that revenue growth came within that range, while there was no acceleration in billed business on a constant currency basis.

Despite the 18% year-on-year growth in GAAP earnings in the first quarter, management reiterated their 2026 earnings growth guidance of mid-teens, implying downward pressure on consensus estimates for the second through the fourth quarters, the analyst stated. "Heightened competition in both Consumer and Commercial and the lack of differentiated products will continue to pressure revenue growth," he further wrote.

AXP Price Action: Shares of American Express had declined by 1.81% to $312.62 at the time of publication on Friday.

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