U.S. stocks are rising as another week of megacap earnings kicks off

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Apple (AAPL) PT Raised to $235 at JPMorgan Ahead of Earnings, 'able to drive resilience in revenue and earnings in FY23'

August 1, 2023 4:07 PM EDT

JPMorgan analyst Samik Chatterjee raised the price target on Apple (NASDAQ: AAPL) to $235.00 (from $190.00) while maintaining a Overweight rating.

The analyst comments "We are establishing a December 2024 price target of $235 relative to December 2023 price target of $190 as investors start to pivot to looking beyond CY23 and we see Apple well positioned to drive higher confidence from the... More