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Friday, June 2, 2023

JPM Price Objective Raised By Jefferies Group

Jefferies Group equity researchers increased the price target of JPM stock(NYSE: JPM) to $177 from $157 in their research report given to investors and clients on Friday. Currently, the firm has issued a rating of “buy” on the company’s stock. This target price hints at a 14.11% potential upside from the previous close of the company.

The stock has also been a subject of several other equities analysts. Daiwa Markets started coverage on JPM stock in their research note of 6th January, Wednesday. They rated the stock as “outperform” and issued a target price of $139 on the company’s stock. Deutsche Bank increased its target price to $175 from $142 and issued a rating of “buy” on the company’s stock on 1st April, Thursday.

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Wells Fargo increased their target price to $185 from $170.00 and issued a rating of “overweight” on the company’s stock on 22nd March, Monday. Zacks Research downgraded the company’s stock from a rating of“buy” to a “hold” on February 1st, Monday. Two analysts have issued a rating of “sell”, six have issued a rating of “hold”, and a rating of “buy” has been issued by seventeen on the company’s stock.JPM has $140.08 as its average price objective and an average rating of “buy”.

Company Profile Of JPM

JPM is a provider of financial services worldwide. It has four segments: Wealth & Asset Management, Commercial Banking, Investment & Corporate Banking, and Community & Commercial Banking. The last segment offers investment and deposit products and consumer services like cash management, payment solutions, lending, and deposit for small businesses. It also offers leasing services, auto loans, credit cards, home loans, and other servicing activities.

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