Analyst Samik Chatterjee lifts AAPL price target amid confidence in demand resilience despite recent hardware price hikes.
JPMorgan analyst Samik Chatterjee raised his price target for Apple (AAPL) to 345 USD from 325 USD, maintaining an overweight rating. The adjustment follows expectations of sustained demand elasticity, offsetting recent hardware price increases by the tech giant.
Apple stock rose in Tuesday midday trading, reflecting investor optimism. The revised target suggests a 12% upside from previous levels, based on projected revenue stability and consumer spending trends in the electronics sector.
Separately, Broadcom (AVGO) disclosed a five-year deal to supply custom processors to Apple, further strengthening their supply chain partnership.