JPMorgan Adjusts Apple Stock Price Target Amid Weakened iPhone 17 Outlook
JPMorgan has lowered its 12-month price target for Apple’s stock from $240 to $230, citing weaker iPhone 17 expectations, ongoing macroeconomic headwinds, and a slower-than-expected path for Apple’s AI strategy to deliver meaningful returns. Despite this adjustment, the firm has maintained its overall “Overweight” rating, suggesting optimism about Apple’s longer-term roadmap. The reduced price target is attributed to JPMorgan’s more bearish view on the volume outlook for the iPhone 17 series. According to analyst Samik Chatterjee, this[…]