American Express – A must-own for long-term investors (Deep Dive)

American Express is a well-positioned business in a steadily growing industry. The company's focus on younger demographics, high-income individuals, premium card offerings, and international expansion should allow it to outpace the industry and deliver solid growth. Management is confident in delivering 10%+ revenue growth and mid-teens EPS growth on a sustainable basis. The stock is currently trading at a discount to its historical average, presenting a compelling investment opportunity. A conservative price target of $367 by the end of 2027 is proposed, with the potential for higher returns if the market assigns a higher multiple.