JP Morgan raises Apple price target to $175, forecasts earnings beats through 2021

JP Morgan has raised its Apple price target to $175 because of an uptick in iPhone 12 build estimates and the continued sales strength of the company’s Mac lineup.

Credit: Andrew O'Hara, AppleInsiderCredit: Andrew O’Hara, AppleInsidera note to investors seen by AppleInsider, analyst Samik Chatterjee says that the iPhone and Mac data leads to an increase in near-term forecasts. However, he says Apple’s momentum, led by better market share, also drives a higher sustainable volume in future quarters.

Read more…