American Express Stock: Headed to $210?

Management's rosy forecast is for double-digit percentage revenue growth this year, building on the 25% top-line growth the company achieved in 2022. In addition, management soothed investors' concerns about how the company is faring during this uncertain macroeconomic environment, noting that it wasn't seeing signs of a recession from its customer base. The most bullish of these analysts, Stephen Biggar at Argus Research, raised his price target on the stock from $180 to $210.