JPMorgan Chase & Co (JPM) stock forecast: Can it reach its 52-week high of $254.31

A share price of JPMorgan Chase & Co [JPM] is currently trading at $232.96, up 1.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The JPM shares have lost -3.55% over the last week, with a monthly amount drifted -4.17%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

JPMorgan Chase & Co [NYSE: JPM] stock has seen the most recent analyst activity on November 20, 2024, when Oppenheimer downgraded its rating to a Perform. Previously, Robert W. Baird downgraded its rating to Underperform on November 07, 2024, and kept the price target unchanged to $200. On September 30, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $224 on the stock. Deutsche Bank downgraded its rating to a Hold but stick to its price target of $235 on September 03, 2024. Daiwa Securities downgraded its rating to a Outperform but $240 remained the price target by the analyst firm on August 20, 2024. Wolfe Research downgraded its rating to Peer Perform for this stock on July 08, 2024. In a note dated January 09, 2024, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $140 to $190.

JPMorgan Chase & Co experienced fluctuations in its stock price throughout the past year between $164.30 and $254.31. Currently, Wall Street analysts expect the stock to reach $225.42 within the next 12 months. JPMorgan Chase & Co [NYSE: JPM] shares were valued at $232.96 at the most recent close of the market. An investor can expect a potential drop of -3.24% based on the average JPM price forecast.

Analyzing the JPM fundamentals

Trailing Twelve Months sales for JPMorgan Chase & Co [NYSE:JPM] were 274.62B which represents 11.37% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.59%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.16 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.33.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 231.37 points at the first support level, and at 229.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 235.46, and for the 2nd resistance point, it is at 237.95.

Ratios To Look Out For

To put it in perspective, the Current Ratio for JPMorgan Chase & Co [NYSE:JPM] is 1.48. Considering the valuation of this stock, the price to sales ratio is 2.39, the price to book ratio is 2.02 and price to earnings (TTM) ratio is 12.96.

Transactions by insiders

Recent insider trading involved Friedman Stacey, General Counsel, that happened on Jun 20 ’24 when 4415.0 shares were sold. Chief Risk Officer, BACON ASHLEY completed a deal on Jun 10 ’24 to sell 5086.0 shares. Meanwhile, Chief Information Officer Beer Lori A sold 5298.0 shares on May 20 ’24.

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