JP Morgan increased the price target for Apple’s stock to $345, insisting that the RAM-driven hardware cost increases won’t impact long-term revenue gains.
Sales will continue fine for premium products like the Mac Studio, JP Morgan reckons.
Sales will continue fine for premium products like the Mac Studio, JP Morgan reckons.
Late in June, Apple finally gave in and raised the price of many products, in the face of the global memory crisis. In the view of JP Morgan, it’s not that big an issue for the company.
In a note to investors seen by AppleInsider on Tuesday, JP Morgan has increased its price target for Apple to $345. This is an increase of $20 from January, when it last raised the stock target price to $325.