JPMorgan Chase & Co. Raises Apple Inc. (NASDAQ:AAPL) Target Price by $ 35 To $ 150.00

JPMorgan Chase & Co. has raised its target price by $ 35 on Apple Inc. (NASDAQ:AAPL) to $ 150.00 from the previous mark of $ 115.00, suggesting the upside potential of more than 16.24 percent from the existing levels. However, the brokerage has maintained its Overweight rating on the stock, Benzinga reported.

Shares of Apple Inc. traded up $ 4.07 or 3.15 percent on Tuesday, reaching $ 133.11 with volume of 85.29 million shares. The stock opened positive for the day at $ 132.76, after closing the previous day trading at $ 129.04. According to the previous trading day, closing price of $ 129.04, representing a 152.72 % increase from the 52 week low of $ 51.06 and a 3.14 % decrease over the 52 week high of $ 133.23.

With respect to the key metrics, Apple Inc. stock has advanced $ 48.71 or 58.00 percent, reaching $ 84.40 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 24.50 or 23.00 percent, before arriving at $ 108.61 during the SMA50-day period.

Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications.