American Express is closing in on a buy point near its record high. Analysts hike targets for Dow Jones giant with earnings upcoming.

Shares of American Express Co. AXP inched 0.05% higher to $302.02 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.11% to 5,909.03 and Dow Jones Industrial Average DJIA falling 0.42% to 42,528.36.

Shares of the global integrated payments company, American Express Company AXP have been on an impressive rally. In 2024, the stock surged 58.5%, significantly outperforming major payment giants like Visa Inc.