JPMorgan Chase & Co. Raises Invitation Home Price Target to $34.00

Investment analysts at JPMorgan Chase & Co. have increased their price target for Invitation Home (NYSE:INVH) to $34.00 from $33.00, citing a potential upside of 11.66% from the stock's current price.

This upgrade comes as several other firms have revised their estimates for INVH in recent weeks. Oppenheimer raised its target price on Invitation Home from $31.00 to $33.00 and gave the company an 'outperform' rating, while Wells Fargo & Company upgraded its rating from 'equal weight' to 'overweight' and lifted its price objective for the company from $31.00 to $33.00.

Despite the upgrades, Invitation Home currently has a consensus rating of 'hold' among analysts, with a target price of $32.53. The stock has been steadily rising in recent months, with shares opening at $30.45 on Tuesday and reaching as high as $31.38 over the past year.