AXP - American Express Stock Rose 30% in 90 Days. Here's Why It's Still Undervalued.
2024-02-23 07:15:00 ET
American Express (NYSE: AXP) stock has been a rocket. During the past 90 days, the shares have risen by more than 30%.
With the stock trading at all-time highs, it's reasonable to question whether the valuation has gotten out of hand. The stock is no longer the bargain it was a couple of months ago, but there are many reasons American Express remains a wonderful buy-and-hold investment.
If a certain investment rises considerably in value, that doesn't always mean it's become overpriced. It's important to dig into the numbers to understand what's driving the performance. Many times, a stock can skyrocket in price and still be a relative bargain. That appears to be the case for American Express.
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American Express Stock Rose 30% in 90 Days. Here's Why It's Still Undervalued.