JPMorgan Starts GlobalData at Neutral With 135p Target

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JPMorgan initiated coverage of data and analytics provider GlobalData with a Neutral rating and a price target of 135 pence on Tuesday, June 9, 2026, as the bank pointed to recovery potential while highlighting the importance of delivering measurable results from ongoing investments.

The brokerage noted that the target price implies upside from the stock's latest closing level, although it believes the risk-reward balance has become more even following a strong share price rally in recent months.

Share Price Recovery Supports Investor Optimism

GlobalData shares have risen around 43% since April, outperforming the broader FTSE 250 index as investor confidence improved on expectations of a recovery in earnings during 2026.

According to JPMorgan, much of the near-term valuation improvement has already been reflected in the share price following the recent gains.

AI Strategy Remains a Key Focus

JPMorgan said investors are closely monitoring whether GlobalData's investments in artificial intelligence can deliver tangible business benefits.

The bank expects market participants to look for evidence that AI initiatives are supporting customer retention, operational efficiency, and revenue growth before becoming more optimistic about the company's long-term prospects.

GlobalData operates a subscription-based intelligence platform serving more than 20 industries and over 5,000 customers worldwide.

Revenue Growth and Margins Under Watch

The company continues to work through challenges related to acquisition integration, organisational restructuring, and softer demand across some markets.

Underlying revenue growth stood at 1% in 2025, while adjusted EBITDA margins declined to approximately 34%, compared with 41% a year earlier, reflecting increased investment in sales, leadership recruitment, and platform development.

JPMorgan indicated that investors are likely to focus on consistent operational performance and stronger revenue growth over the coming quarters.