UBS analyst Erika Najarian maintained a Buy rating on JPMorgan Chase today and set a price target of $357.00.
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Erika Najarian’s rating is based on JPMorgan Chase’s strategic use of artificial intelligence, which is significantly enhancing its revenue streams. The firm has been a pioneer in AI for over a decade, and its recent focus on generative AI is opening new opportunities. This technological advancement is not only aiding in cost management but is primarily driving revenue growth, particularly in areas like consumer banking, credit, pricing, and fraud prevention.
Moreover, JPMorgan Chase’s extensive proprietary data assets provide a structural advantage, enabling the integration of both structured and unstructured data to make more informed, revenue-generating decisions. The management’s perspective that AI will become essential, akin to the internet or personal computers, underscores its importance in maintaining the bank’s competitive edge and profitability. These factors collectively contribute to a positive outlook on the bank’s future performance, justifying the Buy rating.
In another report released on November 6, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $346.00 price target.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JPM in relation to earlier this year.