Apple target price boost in JP Morgan

Apple Inc. shares AAPL,
+ 1.71%
JPMorgan analyst Sam Chatterjee raised 1% in premarket trading on Monday after raising its price target on the stock from $ 365 to $ 425. “We believe that forward-looking investors tend to focus on a longer-term earnings trajectory than a near-term reversal, as the earnings potential in F3Q (June) coincides with a strong initial 5G cycle volume (driving upside) calendar 2H20 estimate) price, “Chatterjee wrote, which removed Apple from JP Morgan’s” analyst focus list “after the stock exited the S&P 500 SPX .
+ 0.52%
in recent months. Apple shares have risen 31% over the past three months as the S&P 500 has risen 12% and as a Dow Jones Industrial TV DJ,
+ 0.47%
There is an increase of 10%. Chatterjee is taken aback by the prospect of a one-month delay in the launch timing of Apple’s next iPhone, writing that Apple is taking a long-term view on the stock, with “a plethora of investors” on the stock.


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