JPMorgan Chase Surpasses Analyst Target; Mixed Ratings Ahead

In recent trading, shares of JPMorgan Chase & Co. (Symbol: JPM) have moved above the average analyst 12-month target price of $260.12, currently priced at $263.01 per share. Analysts typically face two options when a stock meets their target: either downgrade the stock based on its valuation or adjust the target price to a higher level. Reactions might also depend on the fundamental developments driving the stock price higher. If there is positive momentum for the company, it could indicate that an upward revision is warranted.

There are 25 analyst targets within the Zacks coverage universe that contribute to JPMorgan Chase & Co.’s average price. While this average provides a general sense of expectations, it is essential to note that individual analysts have varying perspectives. For instance, one analyst has set a target as low as $200, while another has a target reaching as high as $330. The standard deviation among these targets is $27.296.

Looking at the average price target is an exercise in assessing collective analyst sentiment, reflecting a “wisdom of crowds” approach. As JPMorgan’s stock crosses the $260.12 mark, investors are prompted to consider: Is this price point merely a checkpoint on the path to a higher target, or has the valuation become stretched enough to consider selling shares?

The average rating in the last row reflects a scale from 1 to 5, where 1 is a Strong Buy and 5 is a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.