Apple Inc. shares AAPL,
They rose 1% in pre-market trading on Monday after JP Morgan analyst Samik Chatterjee raised his price target on the stock to $ 425 from $ 365. “We believe investors looking for more upside potential should focus on the longer-term earnings trajectory rather than expecting a short-term bullish potential as the likelihood of a gain in gains in the F3Q (June) as well as strong early 5G cycle volumes (leading to the upside to the 2H20 calendar estimates) seems to come at a price, “wrote Chatterjee, who removed Apple from JP Morgan’s” analyst focus list “after stock outperformed the S&P 500 SPX,
In recent months. Apple shares have risen 31% in the past three months as the S&P 500 has risen 12% and the DIA Jones Industrial Average DJIA,
Chatterjee is undeterred by the potential for a one-month delay in launching the next Apple iPhone, and writes that “a large majority of investors” from Apple investors are seeing a long term of the shares.
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