Business · 2h ago
J.P. Morgan hikes Apple target to $345, sees pricing power
J.P. Morgan raised its Apple price target to $345 while maintaining a Buy rating, citing confidence in the company's ability to pass on hardware price hikes. The bank's note highlights Apple's strong ecosystem and services revenue as buffers against potential demand slowdown. The new target implies roughly 15% upside from current levels.
Meridian48 take
The upgrade suggests Wall Street believes Apple's brand loyalty will absorb higher prices, but consumer spending data will be the real test.
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J.P. Morgan raises Apple stock target to $345 despite hardware price hikes →
9to5Mac
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