JP Morgan raises AAPL price target to $210 over potential 5G iPhone SE launch

Investment bank JP Morgan has increased the target price for Apple to $210, citing high demand and expected earnings in early 2022, as well as the prospect of a 5G iPhone SE.In a note to investors seen by AppleInsider, JP Morgan analyst Samik Chatterjee believes that Apple’s shares have “managed to reverse the underperformance” of the first half of 2021, due to improved expectations of iPhone 13 demand.While going well so far, it is thought that “most of the revenue and earnings upside realization” is still to arrive, and will probably do so in early 2022. More upgrades to to consensus iPhone shipments are anticipated, in part due to rumors of a new iPhone SE. Read more…
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