As October unfolds, JPMorgan’s selection of top stocks may provide investors with opportunities to capitalize on the strong performance seen in September. The bank’s monthly analyst focus list now features notable names such as Amazon, Carvana, and General Motors.
Amazon, part of the so-called “Magnificent Seven,” has been the biggest underperformer year-to-date, with a modest increase of just 1% through Wednesday. However, the e-commerce giant’s shares have surged over 15% in the past six months. JPMorgan analyst Doug Anmuth has set a price target of $265 for Amazon, indicating a potential upside of nearly 20% from Wednesday’s closing price.
Carvana, another stock on JPMorgan’s list, is expected to see significant gains as well. The bank has assigned a target price of $425, suggesting an increase of almost 9% based on the stock’s closing price on Wednesday. Carvana has had an impressive year, with its shares skyrocketing more than 90%. Jefferies has also expressed optimism about Carvana, upgrading its rating from hold to buy on Wednesday.
General Motors, while not performing as strongly as Carvana, has still managed to climb over 15% in 2025. JPMorgan analyst Ryan Brinkman has set a price target of $80 for the automaker, representing a potential increase of 30% from Wednesday’s close.
Additionally, two other stocks making the cut on JPMorgan’s list are PulteGroup and the semiconductor giant Broadcom.
