Jupiter’s Orbit Shifted: Deutsche Bank Raises Valuation Horizon to 90p

Image Source: Forbes

Deutsche Bank has upped its target price on Jupiter Fund Management Plc (LON: JUP) to 90p from 80p as the optimism for the asset manager's cost-cutting drive and stabilising assets under management (AUM) heightens. This comes on the back of signs of a wider trend for upgrades among the analysts, such as Peel Hunt's upgrade last week to 90p from 76p based on cautious first signs of sustainable profit expansion.

Cost Discipline: Jupiter has also identified £15 million of cost savings, adding to its 2025 target of £110 million.
AUM Recovery: Deutsche Bank estimates AUM at Jupiter to be £45.3 billion, up £1 billion since its March 2025 report.
Valuation Appeal: Sitting on a P/E multiple of 11x and value-to-AUM multiple of merely 0.5%, there is perceived to be upside potential by analysts.

Analyst Sentiment

Deutsche Bank: Maintains Hold rating but seeks enhanced earnings potential and coverage on valuation.
Peel Hunt: Promoted Jupiter to Add, with a case of "early signs that the business is reverting to sustainable profit growth."

Market Reaction

Jupiter's share price jumped 9% to 89p on the upgrades, a 52-week high, and ahead of the rest of the UK asset management sector.

Sources: City A.M., Investing.com, Perplexity Finance