JP Morgan ups Apple price target to $165, raises revenue and earnings forecasts

Investment bank JP Morgan has raised its Apple price target to $165 after the Cupertino tech giant broadly beat expectations during the March quarter.

Credit: Andrew O'Hara, AppleInsiderCredit: Andrew O’Hara, AppleInsider

In a note to investors seen by AppleInsider, JP Morgan analyst Samik Chatterjee highlights Apple’s broad-based beat across its product segments, including the iPhone, Mac and iPad, and Services.

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