JPMorgan Lifts Colgate Price Target to $96: Why Emerging Markets Are Powering the Defensive Trade

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JPMorgan has raised its price target for Colgate-Palmolive (CL) stock to $96, citing the company’s strong performance in emerging markets and its defensive appeal. This upgrade follows a robust Q1 2026 earnings report where Colgate exceeded expectations, particularly in organic sales growth in emerging regions. While Colgate’s valuation remains a consideration, its consistent dividend track record and growth in areas like Hill’s Pet Nutrition make it a strong core holding for income-oriented investors.

CL-0.79%
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