Piper Sandler Remains Cautious on JPMorgan (JPM) Amid Weaker Earnings Forecasts

JPMorgan Chase & Co. (NYSE:JPM) is included in our list of the 14 hedge fund favorites with strong setup in 2026.

Piper Sandler Remains Cautious on JPMorgan (JPM) Amid Weaker Earnings Forecasts

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Recently, analysts at Piper Sandler discussed the company’s outlook.

Amid weaker earnings forecasts and lower bank equity valuations, the firm cut its price target for the stock. Piper Sandler lowered its price target for JPMorgan Chase & Co. (NYSE:JPM) to $325 from $345 on March 30, 2026, while maintaining an “Overweight” rating.

Overall, the investment firm maintained a cautious stance on the company’s outlook, reducing its 2026 EPS estimate to $21.65 from $22.58 and its 2027 forecast to $23.04 from $23.17.

This development followed Wells Fargo’s March 11, 2026, statement that JPMorgan Chase & Co. (NYSE:JPM) was writing down the value of collateral associated with private credit loans tied to software.

The firm stated that it does not anticipate any losses for the company and maintained that JPMorgan Chase & Co. (NYSE:JPM) is still in a strong position to manage underlying collateral. Wells Fargo’s analysts believe that large, diversified banks are well-positioned to absorb private credit exposure in the current climate. The firm maintains an “Overweight” rating on the stock with a $350 price target.

The two updates reflect analyst confidence in JPMorgan Chase & Co. (NYSE:JPM)’s balance sheet strength and risk management framework despite growing concerns about valuation and earnings forecasts.

JPMorgan Chase & Co. (NYSE:JPM), a diversified global financial services company, offers investment banking, consumer banking, commercial lending, and asset management. The company’s operations span capital markets, payments, and wealth management worldwide.

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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