JPMorgan Chase & Co. (JPM) Price Target Trimmed by $31

JPMorgan Chase & Co. (NYSE:JPM) is included among the 15 Best S&P 500 Stocks to Buy Right Now.

JPMorgan Chase & Co. (JPM) Price Target Trimmed by $31

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JPMorgan Chase & Co. (NYSE:JPM) is one of the oldest, largest, and best-known financial institutions in the world. The company serves millions of customers, clients, and communities in over 100 global markets.

On March 31, Morgan Stanley analyst Manan Gosalia lowered the firm’s price target on JPMorgan Chase & Co. (NYSE:JPM) from $365 to $334, while maintaining an ‘Equal Weight’ rating on the shares. The reduced target still indicates an upside of over 13% from the current levels.

According to Morgan Stanley, the median bank stock in its coverage is down by 5% over the last month, driven by concerns about the potential impact of the US-Iran war on economic growth and inflation, as well as by market concerns on private credit headlines. As a result, the analyst firm trimmed its price targets across the group by an average of 9%, as it applied lower target valuation multiples to reflect the ongoing high-risk environment.

Similarly, earlier on March 26, Truist also reduced its price target on JPMorgan Chase & Co. (NYSE:JPM) (read the details here).

While we acknowledge the risk and potential of JPM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JPM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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