JP Morgan lowers Apple price target on supply constraint worries, still bullish long-term

While price increases didn't worry the investors at JP Morgan, ongoing supply chain constraints will have a short-term impact, and thus their new price target is $340.Apple's record-breaking quarter wasn't enough to keep investors from worryingIt's been a bumpy few months for Apple thanks to RAM shortages, price increases, and supply constraints. Investors expect that these problems will continue through December even if Apple finds ways to counteract their effects.In a note seen by AppleInsider, JP Morgan shares that it believes high demand for products like the iPhone 17 and MacBook Neo has helped maintain momentum in the product cycle. Siri AI's impending launch will also help drive demand going into Q4 2026. Continue Reading on AppleInsider | Discuss on our Forums