JPMorgan Chase & Co. (JPM) Stock Forecast & Price Target

$249.72 -0.07 (-0.03%)

(As of 11/29/2024 ET)

JPMorgan Chase & Co. - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 19 Analyst Ratings

Sell
2

Hold
7

Buy
10

Based on 19 Wall Street analysts who have issued ratings for JPMorgan Chase & Co. in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 2 have given a sell rating, 7 have given a hold rating, and 10 have given a buy rating for JPM.

Consensus Price Target

$229.31
-8.17% Downside

According to the 19 analysts' twelve-month price targets for JPMorgan Chase & Co., the average price target is $229.31. The highest price target for JPM is $270.00, while the lowest price target for JPM is $188.00. The average price target represents a forecasted downside of -8.17% from the current price of $249.72.

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JPM Analyst Ratings Over Time

Type	Current Forecast 12/1/23 to 11/30/24	1 Month Ago 11/1/23 to 10/31/24	3 Months Ago 9/2/23 to 9/1/24	1 Year Ago 12/1/22 to 12/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	10 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$229.31	$217.94	$205.71	$168.80
Forecasted Upside	-8.17% Downside	-1.79% Downside	-8.49% Downside	7.63% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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JPM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

JPM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

JPMorgan Chase & Co. Stock vs. The Competition

Type	JPMorgan Chase & Co.	Finance Companies	S&P 500
Consensus Rating Score	2.42	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-8.17% Downside	7.96% Upside	6.51% Upside
News Sentiment Rating	Positive News See Recent JPM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/20/2024	Oppenheimer 3 of 5 stars		Downgrade	Outperform ➝ Market Perform
11/19/2024	Citigroup 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$215.00 ➝ $250.00	+2.25%
11/15/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$240.00 ➝ $270.00	+11.60%
11/7/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. George Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold ➝ Strong Sell
11/7/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$200.00	-19.05%
10/14/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$217.00 ➝ $257.00	+16.43%
Get the Latest News and Ratings for JPM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for JPMorgan Chase & Co. and its competitors with MarketBeat's FREE daily newsletter.
10/14/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$211.00 ➝ $230.00	+3.68%
10/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$217.00 ➝ $230.00	+3.42%
10/10/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$240.00 ➝ $235.00	+10.85%
9/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$220.00 ➝ $224.00	+6.41%
9/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$235.00	+4.54%
7/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$220.00 ➝ $230.00	+12.23%
7/11/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$195.00 ➝ $205.00	-0.97%
7/9/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$209.00 ➝ $211.00	+2.33%
7/8/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Chubak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
7/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$230.00 ➝ $239.00	+14.94%
5/21/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$219.00 ➝ $224.00	+12.71%
2/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy
1/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$177.00 ➝ $188.00	+8.68%
11/2/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$140.00	-0.91%
9/7/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$159.00	+9.62%
8/1/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$150.00 ➝ $160.00	+1.29%
7/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$160.00 ➝ $170.00	+13.51%
7/10/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/26/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:56 PM ET.

Should I Buy JPMorgan Chase & Co. Stock? JPM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these JPMorgan Chase & Co. pros and cons to contact@marketbeat.com.

JPMorgan Chase & Co.
Bull Case

Here are some ways that investors could benefit from investing in JP Morgan Chase:

Strong quarterly earnings: JP Morgan Chase recently reported an earnings per share (EPS) of $4.37, exceeding analysts' expectations of $4.02, indicating robust financial performance.
Increasing dividend: The company raised its quarterly dividend from $1.15 to $1.25, reflecting a commitment to returning value to shareholders, which translates to an annualized dividend of $5.00 and a yield of approximately 2.06%.
Positive revenue growth: The firm achieved a revenue of $43.32 billion for the latest quarter, surpassing estimates and showing a year-over-year increase of 6.5%, suggesting strong operational performance.
High return on equity: With a return on equity of 16.71%, JP Morgan Chase demonstrates effective management of shareholder funds, which is a positive indicator for potential investors.
Current stock price: As of the latest trading session, the stock price is $243.02, which is close to its 1-year high of $248.00, indicating strong market confidence in the company's future prospects.

JPMorgan Chase & Co.
Bear Case

Investors should be bearish about investing in JP Morgan Chase for these reasons:

Mixed analyst ratings: The stock has received a range of ratings, with two analysts issuing sell ratings, which may indicate concerns about its future performance.
High debt-to-equity ratio: With a debt-to-equity ratio of 1.27, the company may be seen as having a higher level of debt compared to equity, which could pose risks in a rising interest rate environment.
Recent stock price volatility: The stock has experienced fluctuations, trading down to $239.33 recently, which may raise concerns about its stability and investor confidence.
Beta of 1.10: This indicates that the stock is slightly more volatile than the market, which could lead to larger price swings and increased risk for investors.
Potential for economic downturn: As a financial services provider, JP Morgan Chase may be vulnerable to economic fluctuations, which could impact its profitability and stock performance.

JPM Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for JPMorgan Chase & Co. is $229.31, with a high forecast of $270.00 and a low forecast of $188.00.
: 19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for JPMorgan Chase & Co. in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" JPM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JPM, but not buy additional shares or sell existing shares.
: According to analysts, JPMorgan Chase & Co.'s stock has a predicted downside of -8.17% based on their 12-month stock forecasts.
: Over the previous 90 days, JPMorgan Chase & Co.'s stock had 4 downgrades by analysts.
: JPMorgan Chase & Co. has been rated by research analysts at Baird R W, Barclays, Citigroup, Daiwa Capital Markets, Deutsche Bank Aktiengesellschaft, Evercore ISI, Morgan Stanley, Oppenheimer, Robert W. Baird, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
: JPMorgan Chase & Co. also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.
: Analysts like JPMorgan Chase & Co. less than other "finance" companies. The consensus rating score for JPMorgan Chase & Co. is 2.42 while the average consensus rating score for "finance" companies is 2.49. Learn more on how JPM compares to other companies.

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This page (NYSE:JPM) was last updated on 11/30/2024 by MarketBeat.com Staff

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JPMorgan Chase & Co. (JPM) Stock Forecast & Price Target