APPLE INC : JP Morgan reiterates its Buy rating
Samik Chatterjee from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price continues to be set at USD 190. | May 5, 2023
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Samik Chatterjee from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price continues to be set at USD 190. | May 5, 2023
Wall Street is seeing the positive in Apple, viewing the iPhone maker's better-than-expected results as a sign of its ability to deliver even in a tough macro.
Even though Apple posted earnings weaker than the year-ago quarter, the company surpassed what Wall Street expected it to deliver. As a result, analysts are optimistic about the company's resilience.
QCOM earnings call for the period ending March 31, 2023.
Shares of the iPhone maker are up 31% this year, though Wall Street is forecasting another year-over-year sales decline in the latest quarter.