UBS has increased its price target for JPMorgan Chase & Co. (JPM, Financial) from $277 to $305 following impressive first-quarter earnings. The firm has maintained its Buy rating on JPMorgan’s shares, highlighting the bank's robust performance in revenue driven by trading activities.
The recent quarterly report showcased JPMorgan's ability to exceed earnings expectations, prompting UBS to revise its estimates. The bank also raised its guidance for consolidated net interest income by $500 million, indicating a positive outlook for future revenue potential.
UBS noted that JPMorgan's enhanced revenue figures, coupled with a higher level of stock buybacks than anticipated during Q1, effectively counterbalanced the impact of increased provisions. This financial strategy reflects the bank's strong capital position and commitment to rewarding shareholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for JPMorgan Chase & Co (JPM, Financial) is $258.52 with a high estimate of $330.00 and a low estimate of $180.51. The average target implies an upside of 12.59% from the current price of $229.61. More detailed estimate data can be found on the JPMorgan Chase & Co (JPM) Forecast page.
Based on the consensus recommendation from 25 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 $206.87, suggesting a downside of 9.9% from the current price of $229.61. 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.
