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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
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.
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