JPMorgan analysts raise target levels for European stocks.
2 hours ago
Amid the Iran-related conflict that has battered European stock markets, JPMorgan analyst Mislav Matejka expects the selloff to be temporary. Now, he has doubled down on his bullish stance, emerging as the most optimistic bull among forecasters tracked by Bloomberg. Matejka and his team raised their year-end target for the Euro Stoxx 600 index from 630 to 680 points, implying roughly 7% upside from current levels. This new forecast surpasses the previous highest estimate of 670 points set by Barclays and HSBC earlier this month. The strategists wrote in a report: "After three years of stagnant growth, corporate earnings in the eurozone are accelerating this year." They project earnings per share (EPS) growth of 18% and 12% for 2026 and 2027, respectively. "If the market rally broadens in the second half of the year, European stocks could once again become a highly attractive investment."
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