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published in Blogs
Dec 14, 2021
Apple (AAPL, $175.74) shares near $3 trillion, following price target hike at JP Morgan

Apple (AAPL, $175.74) shares near $3 trillion, following price target hike at JP Morgan

Apple  shares climbed higher on Monday, moving closer to the $3 trillion level, following share price target boost from  JPMorgan.

Analysts at JPMorgan raised their  share price target on the iPhone maker’s shares to a Wall Street high of $210.

According to the bank’s analyst Samik Chatterjee, Apple has been able to “reverse the underperformance" of the stock, and the company, over the first half of the year, partly due to the strength from improved iPhone 13 demand and the management of disruptions in chip and smart phone supply chains.

Chatterjee also mentioned that Apple’s revenue growth could get a further boost next year if the company  launches the anticipated 5G iPhone SE.

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