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

$241.24 +1.68 (+0.70%)

(As of 11/13/2024 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
6

Buy
11

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, 6 have given a hold rating, and 11 have given a buy rating for JPM.

Consensus Price Target

$224.31
-7.02% Downside

According to the 19 analysts' twelve-month price targets for JPMorgan Chase & Co., the average price target is $224.31. The highest price target for JPM is $257.00, while the lowest price target for JPM is $188.00. The average price target represents a forecasted downside of -7.02% from the current price of $241.24.

JPM Analyst Ratings Over Time

Type	Current Forecast 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	10 Buy rating(s)
Hold	6 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	$224.31	$217.94	$205.71	$168.30
Forecasted Upside	-7.02% Downside	-1.60% Downside	-2.76% Downside	13.41% 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	2.47	2.49	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-7.02% Downside	11.40% Upside	8.03% 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
11/7/2024	Baird R W 0 of 5 stars	D. George Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold ➝ Strong Sell
11/7/2024	Robert W. Baird 2 of 5 stars		Downgrade	Neutral ➝ Underperform	$200.00	-19.05%
11/5/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$232.00 ➝ $241.00	+9.12%
10/14/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$217.00 ➝ $257.00	+16.43%
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%
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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	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$205.00 ➝ $215.00	+3.57%
7/15/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$220.00 ➝ $225.00	+8.20%
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 Wednesday at 09:50 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, October 31, 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:

JP Morgan Chase has consistently shown strong quarterly earnings, with a recent EPS of $6.12, surpassing analyst estimates by $1.93. This indicates a solid financial performance.
The company has a healthy dividend yield of 2.37%, with a recent increase in the quarterly dividend from $1.15 to $1.25. This can provide investors with a steady income stream.
JP Morgan Chase has a market capitalization of $605.20 billion, reflecting its position as a major player in the financial services industry.
Analysts have given JP Morgan Chase a consensus rating of "Moderate Buy" with an average price target of $212.13, suggesting potential for stock price appreciation.
The company's debt-to-equity ratio of 1.24 indicates a balanced approach to financing, which can be reassuring for investors concerned about financial stability.

JPMorgan Chase & Co.
Bear Case

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

JP Morgan Chase's current ratio and quick ratio both stand at 0.91, which may raise concerns about the company's short-term liquidity and ability to cover immediate obligations.
The stock's PE ratio of 11.74 may indicate that the market has already priced in much of the company's current earnings potential, potentially limiting upside for investors.
While JP Morgan Chase has a strong track record, its stock price has been relatively stable, with limited volatility that may not appeal to investors seeking rapid growth opportunities.
Some analysts have downgraded their ratings on JP Morgan Chase, signaling potential concerns about future performance or external market conditions that could impact the stock.
Investors should carefully monitor the company's price-to-earnings-growth ratio of 2.39, as a higher ratio may suggest that the stock is overvalued relative to its growth prospects.

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 $224.31, with a high forecast of $257.00 and a low forecast of $188.00.
: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for JPMorgan Chase & Co. in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street 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 -7.02% based on their 12-month stock forecasts.
: Over the previous 90 days, JPMorgan Chase & Co.'s stock had 3 downgrades by analysts.
: JPMorgan Chase & Co. has been rated by research analysts at Baird R W, Barclays, Daiwa Capital Markets, Deutsche Bank Aktiengesellschaft, Evercore ISI, Morgan Stanley, Oppenheimer, Robert W. Baird, and Royal Bank of Canada 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 2.47 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 11/13/2024 by MarketBeat.com Staff

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