JPMorgan raises target for Reliance stock from USD 390.00 to USD 400.00

Published on 10/17/2026 at 22:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 26.50 percent year over year in 2026. Reliance stock stood at USD 411.17 on October 16, 2026, up 1.11 percent versus the prior close.

Analyst target and results

JPMorgan maintained a neutral rating and raised its Reliance target from USD 390.00 to USD 400.00 on October 9, 2026.
Second-quarter revenue reached USD 4.63 billion after rising 26.50 percent year over year.
Reliance stock stood at USD 411.17 on October 16, 2026 at 4:00 p.m. EDT, 1.11 percent above the NYSE prior close of October 15, 2026.
Reliance will report third-quarter results on October 21, 2026.

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JPMorgan Chase raised its Reliance target from USD 390.00 to USD 400.00 while maintaining a neutral rating in a report dated October 9, 2026, according to MarketBeat. The new target sits 2.72 percent below the USD 411.17 price last quoted on October 16, 2026 at 4:00 p.m. EDT, when the stock was 1.11 percent above its prior close of USD 406.67.

Revenue growth sets the operating backdrop

Reliance reported second-quarter revenue of USD 4.63 billion, up 26.50 percent from the year-ago quarter, while earnings per share reached USD 6.27 against a consensus estimate of USD 5.47, MarketBeat reported. For investors, the combination of a higher target and a quarterly earnings beat provides a defined comparison point, although the target remains below the latest share price.

Price sits below the yearly high

The October 16 price of USD 411.17 was 5.05 percent below the 52-week high of USD 433.02 and 57.97 percent above the 52-week low of USD 260.31. Trading volume was 238,055 shares against an average of 317,690 shares, giving the session a lighter turnover profile than the recent average.

Valuation and the next reporting date

Reliance had a market capitalization of USD 21.0 billion and a price-to-earnings ratio of 23.92 on October 16, 2026. The company said on October 7, 2026 that it would report third-quarter results on October 21, 2026, with its earnings conference call scheduled for October 22, 2026, according to Reliance.

Comparison with peers

Reliance (NYSE, USD): plus 1.11 percent, P/E 23.92, market capitalization USD 21.0 billion

Nucor (NYSE, USD): plus 0.63 percent, P/E 20.44, market capitalization USD 58.1 billion

Steel Dynamics (NASDAQ, USD): minus 0.09 percent, P/E 21.81, market capitalization USD 34.5 billion

The latest quoted price

Reliance stood at USD 411.17 on October 16, 2026 at 4:00 p.m. EDT, 1.11 percent above the NYSE prior close of October 15, 2026. The next scheduled company event is the third-quarter report on October 21, 2026.