Softcat stock gains as JPMorgan lifts its target to GBX 2,300

Published on 09/07/2026 at 22:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Softcat stock is in the spotlight after JPMorgan raised its price target to GBX 2,300 on September 7, 2026. The latest numbers also show GBX 2,078 at the open, a 52-week range of GBX 1,083 to GBX 2,134 and a market value of GBP 4.08 billion.

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Softcat plc (GB00BYZ2B577) stock drew attention after J.P. Morgan raised its price target to GBX 2,300 from GBX 1,950 on September 7, 2026. The same note kept an overweight stance, while the share opened at GBX 2,078 and implied 10.68 percent upside to the previous close.

Target rises above the open

The move matters because the new target now sits GBX 222 above the opening level and only GBX 66 below the 52-week high of GBX 2,134, both cited by MarketBeat on September 7, 2026. MarketBeat also put Softcat's market capitalization at GBP 4.08 billion, with a beta of 0.57 and a 50-day moving average of GBX 1,962.39.

Consensus data in the same report showed a hold rating overall and an average price target of GBX 1,937.50, which leaves the JPMorgan view above the street average by GBX 362.50. That gap is the clearest quantified contrast in the current analyst set.

Revenue and profit still matter

Softcat's latest reported quarter, for the period ending January 31, 2026, showed revenue of p837.54 million and net profit of p65.47 million, according to TipRanks. The same source said revenue was p545.58 million and net profit p57.39 million a year earlier, so revenue rose by p291.96 million and profit by p8.08 million.

For investors, the margin trend matters as much as the target. The quarter delivered p837.54 million in revenue on p65.47 million in net profit, while the year-ago quarter had p545.58 million in revenue on p57.39 million in net profit, a mix that shows growth in both scale and earnings.

Software resale remains the core

Softcat describes itself as a value-added IT reseller and infrastructure solutions provider, with services spanning software licensing, workplace technology, networking, security, cloud and datacenter. That model makes analyst changes on margin, demand and public-sector spending especially relevant when the stock is already close to its 52-week high.

Stock near the range high

Softcat stock changed hands at GBX 2,078 on September 7, 2026, against a 52-week low of GBX 1,083 and a 52-week high of GBX 2,134, according to MarketBeat. The price sits 2.6 percent below the high and 91.8 percent above the low, with the latest market value at GBP 4.08 billion.