This Is What Whales Are Betting On JPMorgan Chase
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 83% of big-money traders also showing bearish sentiment. The investor's options trades suggest a target price range of $90.0 to $185.0 for JPMorgan Chase over the next three months. Meanwhile, Citigroup and Morgan Stanley have downgraded their ratings to Neutral and Overweight respectively, both with a price target of $160. Oppenheimer and Atlantic Equities maintain their Outperform and Neutral ratings respectively, with price targets of $227 and $160.
August 04, 2023 | 4:02 pm
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A large investor has taken a bearish stance on JPMorgan Chase, with a target price range of $90.0 to $185.0 over the next three months. Analysts have mixed ratings, with some downgrading their ratings and others maintaining their current ratings.
The bearish sentiment from a large investor and the majority of big-money traders suggests a potential decrease in JPMorgan Chase's stock price. The mixed analyst ratings also add uncertainty to the stock's outlook. The target price range of $90.0 to $185.0 indicates a potential downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100