American Express benefits from increased spending by Millennials and Gen Z, who prioritize experiences over possessions. Click here to read why AXP is a Buy.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $324.82, a high estimate of $350.00, and a low estimate of $301.00. This current average has increased by 9.11% from the previous average price target of $297.70.

American Express Co. profits increased 12% as well-heeled consumers spent more than analysts expected on their credit cards over the holidays, a tailwind the firm said it expects will continue.