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Investment firm JP Morgan has previously reported that the iPhone 17 demand was high, but now it is raising its target price because of it, saying that Apple is looking more positive than it has in a year.
Apple’s new iPhone 17
Back in June 2025, JP Morgan analysts trimmed their Apple stock price because of perceived weakness with the iPhone. Then in July, it didn’t raise that price, but did predict that eventually Apple would be worth a much higher target.
According to a JP Morgan note to investors, seen by AppleInsider, that time is fast approaching. It actually predicted that it would be raising what it called its December 2026 price target, and this is what it has now done.
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