ASX:COH.AX 17 February 2026

April 1, 2026, 6:57 AM EDT. J.P. Morgan strategist Fabio Bassi lowers the 2026 year-end S&P 500 target to 7,200 but still sees 13.5% upside. Despite current geopolitical tensions and a sharp rise in oil prices driving inflation concerns, Bassi advises investors to stay invested with caution and downside hedges amid market volatility. The bank spotlights two tech stocks with Strong Buy ratings, including Seagate Technology (STX), a leader in high-density memory hardware benefitting from AI and cloud data demand. Seagate's shares have surged 327% over the past year, supported by robust financial results and key contracts with AWS and IBM. J.P. Morgan remains constructive on the market but warns of near-term risks from the energy shock and inflationary pressures.