Shares of American Express Co (NYSE:AXP) lost merely 2% following the company's "uninspiring 2026 revenue guidance," despite the Platinum Card refresh, according to BTIG.

The American Express Analyst: Analyst Vincent Caintic maintained a Sell rating and price target of $328.

The American Express Thesis: Neither the fourth-quarter results nor the 2026 guidance reflected that the company had refreshed its flagship product and was pushing to gain market share, Caintic said in the note.

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The 2026 revenue and EPS guidance came in flat-to-decelerating, with slowing card fee growth and new card acquisitions declining both sequentially and year-on-year, he added.

American Express' underlying business trends are weakening and the 2026 guidance reflects soft revenue growth of only 5%-8% without the Platinum refresh, the analyst stated.

"The refresh provides just enough boost to hold the long-term 8-10% guidance, but the refresh is a one-time lever," he further wrote.

AXP Price Action: American Express shares were down 0.10% at $351.81 at the time of publication on Monday, according to Benzinga Pro data.

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