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JP Morgan predicts Trustpilot shares could more than double by 2029 due to strong AI-driven growth.

Analyst Insights
10 Apr 2026
Proactive Investors
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Bullish
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JP Morgan forecasts that Trustpilot Group PLC's shares could rise over 100% by the end of 2029, driven by the company's growth in AI adoption and network effects. The bank expects Trustpilot to achieve a 30% adjusted EBITDA margin by 2030, with compound annual growth rates above 30% for adjusted EBITDA and free cash flow from 2026 to 2030. Trustpilot's strong presence on AI platforms like ChatGPT supports this outlook, and JP Morgan views the recent share price dip as a buying opportunity. The bank maintains an 'overweight' rating with a 2026 price target of £3.50, highlighting significant growth potential especially in North America.

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