Key Highlights:
- JPMorgan Chase is set to levy fees on fintech firms for customer bank data access, potentially reshaping the fintech industry landscape.
- Analysts provide mixed forecasts for JPMorgan's stock, with substantial estimates ranging from $196.34 to $336.00.
- GuruFocus' GF Value indicates a potential downside of 25.95% from the current stock price.
JPMorgan Chase's Strategic Move in the Fintech Sector
JPMorgan Chase (JPM, Financial) is poised to begin charging financial technology firms for accessing customer bank data. This move could significantly alter the fintech industry. The new charges will be determined by the specific use of data, primarily impacting companies with a focus on payments. Stocks such as PayPal (PYPL) and Block (XYZ) may feel the effects as discussions with data aggregators continue.
Wall Street Analysts' Insights on JPMorgan Chase
According to projections from 23 analysts, JPMorgan Chase & Co (JPM, Financial) has a one-year average target price of $293.00. The projections range from a high of $336.00 to a low of $196.34, suggesting an average potential upside of 2.07% from the current trading price of $287.05. For an in-depth analysis, visit the JPMorgan Chase & Co (JPM) Forecast page.
Brokerage Recommendations and GF Value Analysis
JPMorgan Chase & Co (JPM, Financial) holds an average brokerage recommendation of 2.4, derived from 26 brokerage firms. This rating reflects an "Outperform" status on a scale where 1 represents a Strong Buy and 5 indicates a Sell.
GuruFocus provides an estimated GF Value for JPMorgan Chase & Co (JPM, Financial) of $212.56 over the next year. This suggests a potential downside of 25.95% from the current price of $287.05. The GF Value is GuruFocus' calculated fair value of the stock, based on historical trading multiples, past growth, and future business performance estimates. For further details, consult the JPMorgan Chase & Co (JPM) Summary page.
