Apple may face lower consumer demand and growing FX challenges, but JPMorgan is “not so worried” about the technology company as an investor. Analyst Samik Chatterjee reiterated an overweight rating on Apple, saying in a note that the technology company would remain resilient and grow 40% this year, even amid slower demand for the iPhone.
.JPMorgan (JPM) sees a 40% rebound in Apple (AAPL) before year-end, saying investors are too worried about AAPL.
As we are likely headed for a recession, do you think this 40% AAPL rebound is possible?
Comment below, or I saw a poll here if you want to vote.
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