JPMorgan Raises PT on COF to $210

Capital One Financial Corporation (COF) is one of the 10 Best Cheap Stocks to Buy according to Billionaire Ray Dalio, with Bridgewater Associates holding over $30 million worth of shares, representing 0.14% of its portfolio. JPMorgan raised COF’s price target from $183 to $210, citing a strong long-term growth outlook and the recent Discover merger on May 18. The merger could lead to synergies in the short run but has uncertain long-term outcomes, with potential for enhanced control over the Discover network, higher margins, and critical customer data leverage for marketing and product development. Specializing in credit cards, auto loans, banking, and savings accounts, COF is seen as a cheap stock to buy, but other AI stocks may offer greater upside potential with less downside risk.

Read more at Yahoo Finance: JPMorgan Raises PT on Capital One Financial Corporation (COF)