Analyst Explains Why He’s Bullish on American Express (AXP) – ‘Millennials and GenZ Are in This Ecosystem’

Group 1 - American Express Company (NYSE: AXP) is gaining attention from analysts, with a positive outlook on its stock performance, particularly among younger consumers [1][2] - In Q1, American Express reported an 8% revenue increase at constant currency, contributing to a stock rise of 18.6% in Q2, nearing its all-time high [2] - The company is focusing on Millennials and Gen Z, who now represent 35% of total US consumer spending, and is enhancing its product offerings to capture this demographic [2] Group 2 - Recent upgrades to American Express's US Consumer and Business Platinum cards are expected to strengthen its market position and customer loyalty [2] - The company is expanding its commercial offerings, particularly in working capital and expense management, which may increase transaction volumes and switching costs for commercial card users [2] - Despite the positive outlook for American Express, some analysts believe that certain AI stocks may offer higher potential returns with lower risk [2]