Deutsche Bank Raises Jupiter Fund Management’s Target Price to 80p Amid Market Optimism

Image Source: The Economic Times

Asset Management Firm Gains Analyst Confidence Despite Recent Outflows

Deutsche Bank has raised its price target for Jupiter Fund Management Plc (JUP.L) from 65p to 80p, reflecting renewed optimism in the company’s financial outlook. The upgrade comes despite recent outflows from Jupiter’s funds, as analysts anticipate potential earnings surprises and strategic shifts.

Key Highlights:

Price Target Increase: Deutsche Bank has raised Jupiter’s target price to 80p, up from 65p, signaling improved investor sentiment.
Market Performance: Jupiter’s stock has seen fluctuations, with analysts noting a potential 30.4% upside based on revised estimates.
Fund Outflows: The firm experienced GBP 0.5 billion in outflows in January, but assets under management (AUM) rose 2% month-on-month.
Dividend & Buyback Speculation: Analysts suggest Jupiter may declare a special dividend or initiate a buyback program, boosting shareholder returns.
Long-Term Outlook: While Deutsche Bank remains cautious on long-term growth, the short-term Buy recommendation reflects potential catalysts in upcoming earnings.

Jupiter Fund Management has been navigating market volatility, but Deutsche Bank’s revised price target suggests confidence in the firm’s ability to stabilize and grow. Investors will be watching closely for earnings updates and strategic moves.

Source: Investing.com, Perplexity Finance, DirectorsTalk Interviews