JPM - 1 Wall Street Analyst Thinks JPMorgan Chase Stock Is Going to $215. Is It a Buy Around $183?
2024-04-15 13:55:20 ET
Powerful bank JPMorgan Chase (NYSE: JPM) is also quite a powerful investment. According to one analyst, the company's shares can easily produce a double-digit return. Read on to get his take on this ever-prominent American lender.
In some respects, the timing is off for a bullish take on JPMorgan Chase. After all, this particular analyst report came mere hours after the bank unveiled its first-quarter results . In that report, its guidance for full-year net interest income (NII) -- a key line item for lenders -- came in under the consensus prognosticator estimate.
Speaking of prognosticators, CFRA Research's Kenneth Leon was one who nevertheless predicted the shares would bounce back from the post-earnings sell-off (the company's stock closed more than 6% lower the day the results were published). He reiterated his buy recommendation and price target of $215 per share, which at the moment implies a nearly 18% upside over the next 12 months.
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1 Wall Street Analyst Thinks JPMorgan Chase Stock Is Going to $215. Is It a Buy Around $183?