J.P. Morgan ups Apple price target on better-than-expected iPhone sales

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The iPhone 11's 6.1-inch Liquid Retina display’s true-to-life all-screen design makes everything look amazing.
The iPhone 11’s 6.1-inch Liquid Retina display’s true-to-life all-screen design makes everything look amazing.

J.P. Morgan analyst Samik Chatterjee today boosted his price target of shares of Apple, citing better-than-expected iPhone sales.

Tomi Kilgore for MarketWatch:

Shares of Apple Inc. rose 0.7% in premarket trading Monday… Chatterjee lifted his target to $265, which is 21% above Friday’s closing price of $218.82, from $242, while reiterating the overweight rating he’s had on the stock for at least the past 3 years…

He expects sentiment on the stock to “improve materially” given the company’s ability to drive upward volume estimate revisions despite muted expectations.

MacDailyNews Take: iPhone 11, 11 Pro, and 11 Pro Max are proving to be rather popular iPhones!

1 Comment

  1. This week’s fortune tellers….

    Rosenblatt Securities analyst, Jun Zhang: $150

    Evercore ISI’s, Amit Daryanani: $247

    J.P. Morgan analyst, Samik Chatterjee: $265

    Take your pick and forgot about tariff influence with 2 options.

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