American Express shares were 21% below their December 2025 record on Sept. 25, and a Motley Fool analysis says $1,000 could grow to $2,000 by late 2031 if earnings rise and the stock’s valuation expands.
The scenario assumes the price-to-earnings ratio climbs from 18.6 to 20; the article says the current multiple was 23% below its level at the start of 2026. In January, American Express management forecast mid-teens earnings-per-share growth over the long term.
Berkshire Hathaway owns 22.5% of American Express, valued at $46.3 billion, making it Berkshire’s second-largest stock holding.
