In a recent analysis, Truist Financial has revised its outlook for JPMorgan Chase & Co. (JPM, Financial), adjusting the price target for the bank's stock from $264 to $261 while maintaining a Hold rating. This update comes in the wake of the firm's first-quarter performance, prompting Truist to fine-tune its financial model for the bank.
The adjustments include an estimation of increased revenue for the year 2025, aligning the projected net interest income more closely with JPMorgan's guidance figure of $94.5 billion. Additionally, Truist anticipates more robust market growth for the bank; however, it also expects a decline in fees related to Investment Banking as well as asset and wealth management services.
The recalibration reflects a strategic alignment with JPMorgan's financial forecasts, balancing optimism in some market areas with caution in others. Despite the lowered price target, the Hold rating suggests a neutral stance, indicating that the stock may perform in line with the market or sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for JPMorgan Chase & Co (JPM, Financial) is $259.31 with a high estimate of $330.00 and a low estimate of $180.51. The average target implies an upside of 9.78% from the current price of $236.20. More detailed estimate data can be found on the JPMorgan Chase & Co (JPM) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, JPMorgan Chase & Co's (JPM, Financial) average brokerage recommendation is currently 2.3, 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 $206.56, suggesting a downside of 12.55% from the current price of $236.2. 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.
