JPMorgan sets Apple stock price target

Impact · against what's priced in

The news is net-negative for Apple as reports of slowing iPhone Pro Max delivery times challenge the high-growth trajectory the market already expects. JPMorgan's 'Buy' rating and $340 price target offer negligible upside given the current $336 price level.

AAPL−0.20

Challenges what's priced in

The price assumes

Whether Apple can accelerate its revenue growth to the 17%+ the price requires

The market requires revenue acceleration to 17%+, but slowing delivery times for high-margin iPhone Pro Max models in international markets suggest a drag on ASPs and growth.

What AAPL's price assumes · Aug 31

• AAPL
• analyst rating
• apple
• iphone
• jpmorgan
• price target
• tech stocks

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