JPMorgan Stays to Use April as a Month to Evaluate Pent-Up Apple (AAPL) Demand Vs. Sustained Recovery

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $335.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Our initial take from CAICT’s monthly report is positive for iPhone volumes in China and supports our prior expectation that much of the risk had already been baked into C1Q for the region. While we continue to see challenges to iPhone volumes in C2Q in global markets ex-China, we believe the strong rebound in March in China could be a template for investors in relation to thinking about demand recovery in regions ex-China, if the recovery is sustained into April."

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $273.25 yesterday.

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