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JPMorgan boosts Apple price target to $315 ahead of earnings, citing strong iPhone 17 demand

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JPMorgan has raised its price target on Apple stock to $315 from $305, maintaining its overweight rating, as the bank expresses optimism…

JPMorgan boosts Apple price target to $315 ahead of earnings, citing strong iPhone 17 demand appeared first on MacDailyNews.

NB:

The iPhone 17 demand was evident during the last quarterly update from Apple. Management provided guidance one month into the quarter (and we are now one month into the next quarter) such that y/y growth of at least 13% in iPhone revenues was the only way to match that guidance.

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