Apple iPhone sales in China fall 30% in first week of 2024 - Jefferies
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January 8, 2024 9:53 AM EST
Apple (NASDAQ: AAPL) shares have been on the back foot since mid-December, continuing the decline into 2024. Still, analysts at JPMorgan and Morgan Stanley provided an optimistic tone in notes on Monday.
JPMorgan's Samik Chatterjee maintained an Overweight rating and $225 price target on the stock, telling investors to put the recent underperformance into context.
"AAPL shares have had tough start to the year, down -6% in the first week, given building pessimism around a lack of momentum in iPhone sales in conjunction (and... More
January 8, 2024 6:04 AM EST
JPMorgan analyst William Yang reiterated an Overweight rating and $225.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "Share price back to Sep 2023 (pre iPhone 15 launch) levels following round trip on macro optimism. AAPL shares have had tough start to the... More
