That would mark a gain of about 20%<\/strong> from where the index sits now.<\/p>\n The bank’s analysts back that outlook with two specific picks for the latter half of 2026:<\/p>\n Broadcom (AVGO) and NetEase (NTES). Two stocks that look completely different on paper.\u00a0<\/p>\n One is a $1.77 trillion chipmaker<\/strong> riding the artificial intelligence infrastructure boom. The other is a Chinese gaming company<\/strong> navigating a stock exchange overhaul.\u00a0<\/p>\n However, JPMorgan thinks both still have meaningful room to climb.\u00a0<\/p>\n Both stocks already carry Strong Buy<\/strong> consensus ratings from the broader Wall Street analyst community, even before JPMorgan’s latest notes landed.<\/p>\n JPMorgan analyst Harlan Sur reiterated his Overweight<\/strong> rating on Broadcom and set a $580<\/strong> price target.\u00a0<\/p>\n That implies about 56% increase<\/strong> from the stock’s recent price near $372<\/strong>, TipRanks reported. His thesis rests on backlogs, which are orders that have been booked but not yet delivered.\u00a0<\/p>\n Sur expects Broadcom’s backlog to top $150 billion<\/strong>in<\/strong>2027<\/strong>, up from $120 billion<\/strong>. This expectation is driven by bigger deals with Google, Meta, and Anthropic.<\/p>\n More AI Stocks:<\/strong><\/p>\n Broadcom backed Sur’s optimism with record numbers.\u00a0<\/p>\n According to Broadcom’s release, Q2 revenue surged 48%<\/strong> to $22.19 billion<\/strong>, while cash from operations jumped 60%<\/strong> to approximately $10.5 billion<\/strong>, both compared to the same period last year.<\/p>\n Free cash flow for the same period also reached $10.26 billion<\/strong>. However, shares still fell more than 16%<\/strong> in June<\/strong> after management reaffirmed, rather than raised, its AI revenue outlook.\u00a0<\/p>\n Furthermore, company insiders kept selling shares. Broadcom co-founder Henry Samuelisold more than $651 million in stock over the past three months. However, the stock still keeps its rating.\u00a0<\/p>\n winhorse / Getty Images<\/p>\n<\/figcaption><\/figure>\n According to TipRanks, JPMorgan analyst Daniel Chen rates NetEase Overweight<\/strong> with a $185<\/strong> price target. That’s roughly 47%<\/strong> above the current price.<\/p>\n Chen says the stock is cheap. It trades at 12 times<\/strong> the expected 2026 earnings, while operating profit is projected to grow 19% in 2027<\/strong>.<\/p>\n According to PR Newswire, NetEase’s first-quarter revenue rose 6.1%<\/strong> from a year ago to $4.43 billion<\/strong>, beating analyst estimates. The company also extended its $5 billion<\/strong>stock buyback program till January 2029<\/strong>.<\/p>\n Chen is optimistic about Sea of Remnants<\/strong>, a new game launching in July or August<\/strong>. He expects it to lift game revenue growth from 8%<\/strong> in the second quarter to 11%<\/strong> in the third quarter and 16%<\/strong> in the fourth.<\/p>\n Related: Cathie Wood buys $5.5M of surging tech stock<\/strong><\/p>\n NetEase also completed its switch to a dual primary listing<\/strong> on the Hong Kong Stock Exchange on June 30, 2026<\/strong>.\u00a0<\/p>\n That move makes the stock eligible for Stock Connect<\/strong>, a system that lets mainland Chinese investors buy Hong Kong listed shares.\u00a0<\/p>\n Goldman Sachs expects NetEase to be added to Stock Connect around September<\/strong>, Investing.com noted.\u00a0<\/p>\n The two stocks make an odd pair. Broadcom already rallied hard on AI enthusiasm, so it now faces a tougher bar to clear.\u00a0<\/p>\n On the other hand, NetEase trades much cheaper. Its story rests on a new game launch and a listing technicality, not AI hype.<\/p>\n Both stocks carry Strong Buy<\/strong> ratings. However, the broader market is more cautious than JPMorgan. Wall Street’s average price target is $513.58 for Broadcom and $155.33 for NetEase.<\/p>\n Valuation is the clearest concern for Broadcom<\/strong>. Broadcom’s stock is priced for perfection, and any stumble in execution could hit shares hard.\u00a0<\/p>\n Recent insider selling by top executives doesn’t necessarily signal trouble, but it’s worth watching.<\/p>\n NetEase faces its own risks<\/strong>. Chinese regulators could delay approval for new games, pushing back release dates.\u00a0<\/p>\n Also, the timing of its Stock Connect listing depends on exchange officials, not Goldman Sachs. Hence, it may not happen on schedule.<\/p>\n The bottom line for investors is: Don’t rely on these price targets alone.\u00a0<\/p>\n Watch two things<\/strong> instead: <\/p>\n Does Broadcom’s AI chip production start catching up with demand? And does NetEase’s Stock Connect listing actually bring in trading volume from mainland investors?<\/p>\n Related: JP Morgan CEO has blunt inflation message<\/strong><\/p>\n #JPMorgan #names #Strong #Buy #picks #rest<\/p>\n","protected":false},"excerpt":{"rendered":" U.S. equities have been solid so far in 2026, and according to JPMorgan’s global investment strategist, Kriti Gupta, the S&P 500 could climb as high as 9,000 by mid-2027. That… <\/p>\n","protected":false},"author":1,"featured_media":10416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[246],"tags":[152,1194,210,298,865,266],"class_list":["post-10415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-popular","tag-buy","tag-jpmorgan","tag-names","tag-picks","tag-rest","tag-strong"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/10415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10415"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/10415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/10416"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Broadcom’s AI backlog swells past $150 billion<\/h2>\n
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![](\"https:\/\/www.thestreet.com\/.image\/NDA6MDAwMDAwMDAzMTAxNDQx\/photo-3101441.jpg?profile=rss\")
NetEase bets on Sea of Remnants and a Hong Kong stock switch<\/h2>\n
Comparing two very different Strong Buy stories<\/h2>\n
What has to go right<\/h3>\n
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The gaps that could break JPMorgan’s calls<\/h2>\n