Apple iPhone 16 Demand Gains Momentum As Delivery Times Steady: Analyst
Portfolio Pulse from Anusuya Lahiri
JPMorgan analyst Samik Chatterjee maintains an Overweight rating on Apple Inc. with a price target of $265, noting improved demand momentum for the iPhone 16 series. Delivery lead times for the iPhone 16 Pro models are stabilizing, indicating better demand compared to the iPhone 15 Pro models.
October 07, 2024 | 2:09 pm
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JPMorgan analyst Samik Chatterjee maintains an Overweight rating on Apple with a $265 price target. The iPhone 16 series shows improved demand momentum, with delivery lead times stabilizing, especially for Pro models, indicating better demand than the iPhone 15 series.
The analyst's positive outlook and maintained Overweight rating, along with a high price target, suggest confidence in Apple's performance. The improved demand momentum for the iPhone 16 series, especially the Pro models, indicates potential for positive short-term stock movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100