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JP Morgan Stock Price & Analyst Ratings – Latest JPM News
Introduction
JPMorgan Chase (JPM) shares are trading around $296.96 as of February 23, 2026, reflecting a modest intraday pullback from earlier highs near $310.96 citeturn0finance0. Analysts maintain a broadly positive outlook, with consensus ratings ranging from “Moderate Buy” to “Buy” and 12-month price targets spanning roughly $333 to $343, suggesting upside potential of 3%–13% .
What’s Driving the Stock Today
JPMorgan’s stock is under pressure amid investor scrutiny over its aggressive expense strategy. CEO Jamie Dimon is currently presenting a $2 billion-per-week spending plan aimed at bolstering long-term growth through technology, staffing, marketing, and real estate investments . This follows a December 2025 announcement that the bank expects 2026 expenses to rise to $105 billion, nearly 10% above 2025 levels and exceeding analyst expectations . The market reacted sharply then, with shares falling 4.7% on the news .
Analyst Ratings & Price Targets
Consensus View
- StockAnalysis.com reports a consensus rating of Buy from 13 analysts, with an average 12-month price target of $333.31, implying a ~3.4% upside .
- Investing.com shows a consensus of 14 Buy and 12 Hold ratings, with an average target of $343.48, suggesting ~13.5% upside .
- MarketBeat lists a “Moderate Buy” consensus, with a target of $340.18, implying ~12.4% upside .
- PriceTargets.com aligns with a “Moderate Buy” consensus from 27 analysts, average target $340.18 and upside ~5.5% .
Individual Analyst Highlights
- HSBC upgraded to Hold with a target of $319 on February 6, 2026 .
- TD Cowen maintains a Buy rating with a high target of $400, implying over 32% upside .
- RBC Capital holds a Buy rating with a target of $330 (~9% upside) .
- B of A Securities raised its target to $325 in June 2025, maintaining a Buy rating .
- Keefe, Bruyette & Woods lifted its target from $327 to $330, keeping an Outperform rating .
Broader Analyst Landscape
- ChartMill reports a 73% Buy consensus among 30 analysts, with a mean target of $332.14 (~2.7% upside) .
- Financhill shows a Buy consensus from 9 Buy, 8 Hold, and 2 Sell ratings, with a target of $327.70 (~7.9% upside) .
Why It Matters Now
JPMorgan’s bold expense strategy signals confidence in its long-term growth trajectory, but it also raises short-term concerns. Investors are weighing whether the bank’s strong capital base and profitability can absorb the spending surge without eroding returns. Analyst targets reflect this tension—some see limited near-term upside, while others anticipate meaningful gains if investments pay off.
What’s Next for Investors
Markets will closely watch upcoming earnings reports and investor-day commentary for signs that JPMorgan’s spending is translating into revenue growth or efficiency gains. Key indicators include net interest income trends, trading and investment banking performance, and cost-to-income ratio improvements.
“The bank must stay ahead of both traditional and fintech rivals,” Dimon emphasized, underscoring the strategic imperative behind the spending push .
Conclusion
JPMorgan shares are trading near $297, with analysts generally maintaining a Buy or Moderate Buy stance. Price targets range from $319 to $343, with a few outliers like TD Cowen projecting up to $400. The bank’s aggressive expense plan is the central narrative driving investor sentiment. The market now awaits concrete evidence that these investments will bolster future growth and returns.
Investors should monitor upcoming earnings and strategic updates closely.
