JPMorgan Cuts GlobalData Price Target by Nearly 18%

JPMorgan Chase & Co., one of the world's leading financial institutions, has reduced its price target for GlobalData (LON:DATA) from GBX 110 to GBX 90 in a recent report. The brokerage also maintains a 'neutral' rating on the stock.

The potential upside for the stock based on JPMorgan Chase & Co.'s new target price is approximately 59.86% from its previous close. However, this is not the only change to GlobalData's price target recently; Berenberg Bank has also cut its target from GBX 105 to GBX 90 and assigned a 'buy' rating.

Analysts have varying opinions on GlobalData, with four of them giving it a 'buy' rating and one assigning a 'hold.' This mix of views reflects the stock's consensus rating as 'moderate buy,' accompanied by a target price of GBX 148.75, according to data from MarketBeat.