(JPM) stock has risen 34.5% over the past 12 months, gaining 6.9% in the last month but slipping 1.3% over the past week. Wall Street’s analysts are moderately bullish, with a 12‑month price target of $333.53, implying further upside from the last close at $305.93.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Analyst Glenn Thum of Phillip Securities Research upgraded JPM to Buy on April 17, 2026, with a target price of $335, slightly above the Street average. His call signals confidence that the bank’s earnings momentum and fee income recovery can support more gains.
Thum highlights that first‑quarter 2026 profit after tax and minority interests rose 13% year over year to $16.5 billion, beating his full‑year forecast. The beat was powered by record markets revenue and strong investment banking fees, even as net interest margin slipped 8 basis points.
Non‑interest income is a key part of the bullish case, growing 11% year over year and now contributing half of total net revenue. Markets revenue jumped 20%, investment banking fees climbed 28%, and asset management fees rose 11%, reflecting a reopened M&A and equity capital markets pipeline and healthy client activity.
Thum, who ranks 769 out of 12,155 analysts on TipRanks with an 84.95% success rate and 17.5% average return per rating, sees JPM’s high return on equity and “fortress” balance sheet justifying a premium valuation. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.