In recent developments, Keefe, Bruyette & Woods, an esteemed financial analysis firm, has taken action on JPMorgan Chase (JPM, Financial) by raising its price target. The financial giant's stock price target has been adjusted from $327.00 to $330.00 USD. This adjustment comes as a result of a detailed evaluation by analyst David Konrad.
The current price target reflects a 0.92% increase from the previous target, indicating a positive outlook for JPMorgan Chase (JPM, Financial) in the coming months. The analyst continues to maintain an "Outperform" rating for the stock, consistent with the prior assessment.
The updated price target has been set with the confidence that JPMorgan Chase (JPM, Financial) will continue to perform strongly in the market. This development is noteworthy for investors keeping an eye on potential growth in the financial sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for JPMorgan Chase & Co (JPM, Financial) is $294.87 with a high estimate of $336.00 and a low estimate of $196.34. The average target implies an upside of 2.90% from the current price of $286.55. More detailed estimate data can be found on the JPMorgan Chase & Co (JPM) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, JPMorgan Chase & Co's (JPM, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for JPMorgan Chase & Co (JPM, Financial) in one year is $212.56, suggesting a downside of 25.82% from the current price of $286.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the JPMorgan Chase & Co (JPM) Summary page.
