JPMorgan names 2 Strong Buy picks for the rest of 2026
JPMorgan strategist Kriti Gupta said the S&P 500 could reach 9,000 by mid-2027 (~20% gain). For late 2026, JPMorgan analysts highlighted Broadcom (AVGO) with an Overweight rating and $580 target, citing AI backlog growth; Q2 revenue rose 48% to $22.19B and operating cash flow rose 60% to ~$10.5B. JPMorgan also rated NetEase (NTES) Overweight with a $185 target, citing valuation and expected profit growth.
How this was made
The 30-second read
Why it matters
Trading relevance is mainly sentiment/positioning from reiterated ratings and targets, with some incremental fundamental color (Broadcom Q2 revenue/FCF and backlog expectations).
Market read
Two analyst-driven Strong Buy/Overweight calls with explicit targets and thesis metrics; useful for biasing trades but not a fresh fundamental catalyst.
What to watch
Broadcom insider selling is mentioned; for NetEase, the article references an exchange overhaul but provides no concrete regulatory/operational milestone or timeline.
Background
The piece attributes a 2026 H2 stock-picking strategy to JPMorgan strategists and frames a broader S&P 500 upside scenario.
Ticker impact
JPMorgan reiterates Overweight on Broadcom and targets $580, citing AI backlog expected to top $150B in 2027.
Near-term: modest upside bias if the market treats the note as a catalyst; otherwise limited incremental impact.
The article provides a fresh JPMorgan target/backlog expectation and includes Broadcom’s Q2 revenue/FCF figures, but the core is an analyst reiteration rather than a new Broadcom filing or guidance change.
JPMorgan rates NetEase Overweight with a $185 target, arguing the stock is cheap at ~12x 2026 earnings and profit growth in 2027.
Near-term: potential support from sentiment/positioning around the target; longer-term depends on execution of the cited profit growth.
The note is specific (rating/target and valuation multiples), but it’s not accompanied by new NetEase results, guidance, or regulatory/contract developments in the text.
Market effects
Reinforces AI-infrastructure demand narrative for semis/AI hardware via Broadcom backlog expectations.
Highlights continued investor interest in Chinese equities via NetEase valuation/profit-growth thesis.
Supports broad risk-on sentiment tied to S&P 500 upside framing, though it’s not a direct macro release.
Counterpoint
Analyst targets may already be priced in given both names have Strong Buy consensus; Broadcom’s June stock drop after reaffirmed AI outlook suggests execution risk remains.
Key entities
- personJPMorgan global investment strategist Kriti Gupta
Cited for the S&P 500 upside scenario to ~9,000 by mid-2027.
- companyBroadcom
JPMorgan reiterates Overweight and $580 target; backlog expected to exceed $150B in 2027; Q2 revenue/FCF figures cited.
- companyNetEase
JPMorgan rates Overweight with $185 target; valuation and 2027 operating profit growth cited.
