JP Morgan ups Apple price target to $170, citing 5G iPhone SE expectations

Investment bank JP Morgan has raised its Apple price target to $180 on expectations that the “iPhone 13” and a 5G iPhone SE could be catalysts that drive another record year for the Cupertino company.

Credit: Andrew O'Hara, AppleInsiderCredit: Andrew O’Hara, AppleInsider

In a note to investors seen by AppleInsider, JP Morgan lead analyst Samik Chatterjee says that he sees “substantial upside” relative to consensus expectations for the 2022 fiscal year. That’s because of the aforementioned iPhone models, as well as low investor expectations for iPhone and total revenue.

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