JP Morgan Revises Apple Stock Price Prediction: See the New Target
Leading investment bank JP Morgan recently revised its price prediction for Apple stock (NASDAQ: AAPL) as the trade tensions escalate. Apple opened Tuesday’s bell trading at $202.52 and is moving on the razor’s edge due to trade wars. The tech giant is among the most vulnerable companies as tariffs could eat into its global revenues. To avoid tariffs, the firm shipped five planes full of iPhones before the policy went live to protect their finances.
Also Read: Dogecoin: Is It Time To Buy, Hold or Sell DOGE?
JP Morgan Provides New Price Prediction For Apple Stock: Here’s the Target
The majority of financial analysts have predicted that AAPL is yet to come out from the burning fire ignited by trade wars. On the other hand, JP Morgan’s leading analyst Samik Chatterjee maintained an ‘Overweight’ rating for Apple stock but trimmed his 12-month price prediction.
Also Read: Pi Coin Soars 35% in a Week & Eyes $2.40 Surge After Chainlink Integration
Despite the trade wars, Chatterjee forecasted that Apple could sail through if they absorb the tariffs or slightly increase the prices of its products. Consumers of the tech giant are mostly affluent and can bear slight cost increases as they’re loyal to the products. Therefore, the JP Morgan analyst predicted that Apple stock could hit a high of $245 in the next 12 months.
However, his previous prediction for AAPL stood at $270 but has trimmed it by 9% due to tariff escalations. If the JP Morgan analyst’s price prediction turns accurate for Apple stock and hits $245, that’s a surge of 21%. An investment of $1,000 could turn into $1,210 in a year if the forecast turns out to be correct.
Also, the JP Morgan analyst wrote that Apple stock has limited possibilities for a bull run due to trade tariffs. The next course of action depends on how the White House pursues the policies and how Apple navigates the problems. If the markets enter a recession after the 90-day tariffs pause, AAPL would be the first to crash. It is advised to enter AAPL at your own risk and do thorough research before taking a long position.
Also Read: Homeland Security Targets Anchorage Digital Bank—What’s BlackRock’s Role?
Read More
Dimon Sells $31.5M in JPM Shares—Is a Recession Coming?
Amazon (AMZN): Morgan Stanley Expects More Growth, Even If Market Slows
JP Morgan Revises Apple Stock Price Prediction: See the New Target
Leading investment bank JP Morgan recently revised its price prediction for Apple stock (NASDAQ: AAPL) as the trade tensions escalate. Apple opened Tuesday’s bell trading at $202.52 and is moving on the razor’s edge due to trade wars. The tech giant is among the most vulnerable companies as tariffs could eat into its global revenues. To avoid tariffs, the firm shipped five planes full of iPhones before the policy went live to protect their finances.
Also Read: Dogecoin: Is It Time To Buy, Hold or Sell DOGE?
JP Morgan Provides New Price Prediction For Apple Stock: Here’s the Target
The majority of financial analysts have predicted that AAPL is yet to come out from the burning fire ignited by trade wars. On the other hand, JP Morgan’s leading analyst Samik Chatterjee maintained an ‘Overweight’ rating for Apple stock but trimmed his 12-month price prediction.
Also Read: Pi Coin Soars 35% in a Week & Eyes $2.40 Surge After Chainlink Integration
Despite the trade wars, Chatterjee forecasted that Apple could sail through if they absorb the tariffs or slightly increase the prices of its products. Consumers of the tech giant are mostly affluent and can bear slight cost increases as they’re loyal to the products. Therefore, the JP Morgan analyst predicted that Apple stock could hit a high of $245 in the next 12 months.
However, his previous prediction for AAPL stood at $270 but has trimmed it by 9% due to tariff escalations. If the JP Morgan analyst’s price prediction turns accurate for Apple stock and hits $245, that’s a surge of 21%. An investment of $1,000 could turn into $1,210 in a year if the forecast turns out to be correct.
Also, the JP Morgan analyst wrote that Apple stock has limited possibilities for a bull run due to trade tariffs. The next course of action depends on how the White House pursues the policies and how Apple navigates the problems. If the markets enter a recession after the 90-day tariffs pause, AAPL would be the first to crash. It is advised to enter AAPL at your own risk and do thorough research before taking a long position.
Also Read: Homeland Security Targets Anchorage Digital Bank—What’s BlackRock’s Role?
Read More
Dimon Sells $31.5M in JPM Shares—Is a Recession Coming?