Apple, Meta to Face EU Charges Under New Tech Rules - Reuters

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Go back to Apple, Meta to Face EU Charges Under New Tech Rules - Reuters

Apple (AAPL) PT Raised to $245 at JPMorgan, 'AI-Highs Still to Be Seen As Upgrade Cycle Led EPS Upsides Leave a Lot of Room'

June 18, 2024 5:03 AM EDT

JPMorgan analyst Samik Chatterjee raised the price target on Apple (NASDAQ: AAPL) to $245.00 (from $225.00) while maintaining a Overweight rating.

The analyst comments "We are updating our volume forecasts for the iPhone 16 and iPhone 17 cycle following the WWDC event, which laid out a collection of AI features that in our view will drive an upgrade cycle that starts with the iPhone 16 launch (primarily FY25 impact to financials) followed by a cycle peak with the launch of iPhone 17 (primarily FY26 impact to financials). We are raising our iPhone... More

Apple target lifted at Lynx Equity Strategies, says there's 'more to go'

June 17, 2024 9:29 AM EDT

Lynx Equity Strategies raised its price target for Apple (NASDAQ: AAPL) shares to $240 from $220 in a note Monday, stating there is "more to go."

Even after the sharp move in the stock post-WWDC, the investment firm does not believe many investors appreciate the real value in the stock.

"The value lies not in gigantic LLMs or snazzy demos. Rather, AAPL's value lies in a rich vein of gold that hyperscale peers do not have access to," added... More