It Is Not Known How Long The Fire In Apple Shares Will Continue.

  It Is Not Known How Long The Fire In Apple Shares Will Continue.   JPMorgan (JPM) JPM (NYSE) $153,41 -2,62 (-%1,68) telecom and network analyst Samik Chatterjee said Apple's AAPL (NASDAQ) $142,02 +2,06 (+%1,47) stock has been generally under the radar lately. He said that the momentum will continue despite the fact that it remained below. The analyst also modestly raised his estimates for iPhone and iPad volumes. Apple's stock rose nearly 2% to $142 in today's trading session. Apple (AAPL) is especially bullish in the near term. According to the analyst, he said, "Each year it performs better than the previous year." In particular, he continued, saying that there is a short-term upward trend in volume expectations for the iPhone 12 series, which is one of the last share increases in China.

It Is Not Known How Long The Fire In Apple Shares Will Continue.

Apple shares rose 13% last month, approaching the intra-day record of $144 and the change in late April. Showing the same change in FAANG shares, Amazon became the second stock with the best performance last month. Shares of the iPhone maker are up 7,5 % in the last six sessions. The tech bull cycle thinks it will continue its uptrend in 2H2021/2022 given the scarcity of growth names/winners in this market. Also Ives rates Apple's stock in Outstanding Performance with a price target of $185.  

Source: Yahoo.Finance

 

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