Analysts adjust JPMorgan price targets after Q3 earnings miss
JPMorgan Chase reported third‑quarter adjusted earnings of $5.57 per share and revenue around $50 billion, missing consensus estimates. Citigroup cut its price target to $350 from $360 while keeping a neutral rating. Freedom Broker upgraded the stock to Buy and raised its price target to $370 from $366, prompting the shares to climb about 1.9% to $341.75.
Why it matters
Citigroup’s lower target signals a more cautious outlook, while Freedom Broker’s upgrade suggests upside potential; the divergent analyst actions may influence investor sentiment and trading activity. The stock’s 1.85% rise after the Freedom Broker upgrade reflects immediate market reaction to the higher target.
Key facts
- 1Citigroup lowered JPMorgan’s price target to $350 from $360. marketscreener.com
- 2Citigroup kept a neutral rating on JPMorgan. scanx.trade
- 3JPMorgan reported adjusted EPS of $5.57 for Q3. scanx.trade
- 4JPMorgan’s Q3 revenue was $50.907 billion. scanx.trade
- 5Freedom Broker upgraded JPMorgan to Buy and raised its price target to $370 from $366. investing.com
- 6JPMorgan shares rose 1.85% to $341.75 after the Freedom Broker upgrade. gurufocus.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.