Apple’s momentum built on iPhone 17 demand and strong guidance for the December quarter has prompted JP Morgan to up its price target to $305, the second increase in a week.
iPhone 17 demand will drive growth
iPhone 17 demand will drive growth
Several records were broken with Apple’s Q4 2025 earnings, and even though iPhone growth wasn’t as high as analysts hoped, at least one is more bullish than ever. Apple shared that it expects its December quarter to be its best yet, breaking records set during the 5G supercycle and the COVID outbreak.
According to a note from JP Morgan seen by AppleInsider, Apple is set to ride a wave of growth driven by AI investment, continued interest in iPhone upgrades, and the future foldable iPhone expected in late 2026. The only downside noted is Apple’s operating expenses will continue to grow, approximately 19% year over year.