Boonseong
2021-08-19
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JPMorgan raises Apple target, predicts 20% rally on stronger-than-expected iPhone sales
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan raises Apple target, predicts 20% rally on stronger-than-expected iPhone sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-19 19:23 GMT+8 <a href=https://www.cnbc.com/2021/08/19/apple-stock-aapl-jpmorgan-price-target-hike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The outlook for Apple keeps getting better, and investors can still expect big returns from the biggest U.S. company, according to JPMorgan.\nAnalyst Samik Chatterjee reiterated his overweight rating ...</p>\n\n<a href=\"https://www.cnbc.com/2021/08/19/apple-stock-aapl-jpmorgan-price-target-hike.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/08/19/apple-stock-aapl-jpmorgan-price-target-hike.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198307681","content_text":"The outlook for Apple keeps getting better, and investors can still expect big returns from the biggest U.S. company, according to JPMorgan.\nAnalyst Samik Chatterjee reiterated his overweight rating on Apple and raised his price target on the stock by $5 per share to $180. Chatterjee said in a note to clients on Thursday that the outlook for iPhone sales continues to improve.\n“We are increasing our CY22 iPhone volume estimates further (to 246 mn units), and see substantial upside still relative to consensus expectation, which admittedly has been increasing over the past few months following stronger iPhone 12 volumes,” the note said.\nJPMorgan’s new price target is 23% above where the stock closed on Wednesday. Shares of Apple have gained 17% over the past three months, shaking off a slow start to the year. Its market cap now sits at $2.4 trillion.\nThe consumer tech giant released the iPhone 12 last year, and Wall Street has seen the sales as a success despite supply chain issues that have plagued the wider industry. 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