JPMorgan ups Apple target price to $265 on AI-powered hardware upgrade cycle

MacDailyNews
Jul 24, 2024, 12:27 pm308 pts
JPMorgan analyst Samik Chatterjee has reaffirmed his bullish stance on Apple, upgrading the stock’s price target to $265 from $245. Chatterjee believes Apple is poised for a hardware upgrade cycle driven by artificial intelligence advancements. He expects the upcoming fiscal Q3 report to provide further…

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