JPMorgan names 2 Strong Buy picks for the rest of 2026

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 would mark a gain of about 20% from where the index sits now.

The bank's analysts back that outlook with two specific picks for the latter half of 2026:

Broadcom (AVGO) and NetEase (NTES). Two stocks that look completely different on paper. 

One is a $1.77 trillion chipmaker riding the artificial intelligence infrastructure boom. The other is a Chinese gaming company navigating a stock exchange overhaul. 

However, JPMorgan thinks both still have meaningful room to climb. 

Both stocks already carry Strong Buy consensus ratings from the broader Wall Street analyst community, even before JPMorgan's latest notes landed.

Broadcom's AI backlog swells past $150 billion

JPMorgan analyst Harlan Sur reiterated his Overweight rating on Broadcom and set a $580 price target. 

That implies about 56% increase from the stock's recent price near $372, TipRanks reported. His thesis rests on backlogs, which are orders that have been booked but not yet delivered. 

Sur expects Broadcom's backlog to top $150 billionin2027, up from $120 billion. This expectation is driven by bigger deals with Google, Meta, and Anthropic.

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Broadcom backed Sur's optimism with record numbers. 

According to Broadcom's release, Q2 revenue surged 48% to $22.19 billion, while cash from operations jumped 60% to approximately $10.5 billion, both compared to the same period last year.

Free cash flow for the same period also reached $10.26 billion. However, shares still fell more than 16% in June after management reaffirmed, rather than raised, its AI revenue outlook. 

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. 

NetEase bets on Sea of Remnants and a Hong Kong stock switch

According to TipRanks, JPMorgan analyst Daniel Chen rates NetEase Overweight with a $185 price target. That's roughly 47% above the current price.

Chen says the stock is cheap. It trades at 12 times the expected 2026 earnings, while operating profit is projected to grow 19% in 2027.

According to PR Newswire, NetEase's first-quarter revenue rose 6.1% from a year ago to $4.43 billion, beating analyst estimates. The company also extended its $5 billionstock buyback program till January 2029.