In a topsy-turvy market for tech stocks, Apple (AAPL) shares are down with the rest of the growth stocks this year (down ~27% since 2022 began). However, according to J.P. Morgan analyst Samik Chatterjee, Apple is poised to outperform the market over the next 12 months -- to not only regain its highs of earlier this year, but to surpass them, and rise as high as $200 a share -- 54% more than Apple stock costs today. Chatterjee laid out his thoughts on this score on Thursday, in a note on the subject of advertising spend and mobile ad growth at Apple.
https://www.tipranks.com/news/article/does-apples-future-lie-in-advertising-j-p-morgan-thinks-so?utm_source=advfn.com&utm_medium=referral
Apple (NASDAQ:AAPL)
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