- The shares of Apple, Inc (Nasdaq: AAPL) have received a price target increase from $170 to $175 by JPMorgan. These are the details.
The shares of Apple, Inc (Nasdaq: AAPL) have received a price target increase from $170 to $175 by JPMorgan. And JPMorgan analyst Samik Chatterjee reiterated an “Overweight” rating on the company shares.
Chatterjee also added Apple to the Analyst Focus List as a “Growth Idea.” In the research note, Chatterjee said that the data points supporting a favorable view on Apple shares are continuing to trickle in like an increased revision to the iphone-12 build estimates by JPMorgan’s Apple supply chain analyst along with the continued strength in sales of Mac devices.
Plus Chatterjee believes that Apple shares are positioned for an upside, which is being led by upward revisions to iphone-12 volumes and share gains in major geographies like China. And there is an upside to investor expectations associated with the upcoming iPhone 13.
Chatterjee believes that investor expectations are conservative for the iPhone 13 though.
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