Less than a week after its last rise, JP Morgan now says Apple’s target price is $325, specifically because of the latest earnings and Apple’s guidance for the next two quarters.
The current iPhone 17
The current iPhone 17
On January 26, ahead of what was already expected to be a record-breaking quarter for Apple, JP Morgan raised its target from $305 to $315. Now following both higher than predicted earnings and, in particular, Apple’s projections for the future, the investment firm has raised the target again.
In a note to investors seen by AppleInsider, JP Morgan summarized the earnings report and said that this should calm fears about rising costs.