Barclays Reaffirms Buy Rating on JPMorgan Chase with $420 Price Target

Analysts at Barclays have reaffirmed their 'Buy' rating on JPMorgan Chase (JPM) in a recent report, with a price target of $420.00.

The analyst, Jason Goldberg, has maintained this rating for the company, which is part of his 5-star track record that includes an average return of 15.9% and a 70.74% success rate.

Goldberg's report on JPMorgan Chase comes in addition to another 'Buy' rating from UBS's Erika Najarian, although Jefferies has maintained a more cautious 'Hold' rating on the company.

The latest earnings release for JPMorgan Chase showed a quarterly revenue of $82.46 billion and a net profit of $21.16 billion, compared to last year's revenue of $69.91 billion and net profit of $14.99 billion.