Fri Jun 27 11:20:00 UTC 2025: Okay, here’s a news article summarizing the provided text:
**Apple’s Price Target Trimmed by J.P. Morgan Despite Overweight Rating**
**NEW YORK** – J.P. Morgan remains bullish on Apple’s long-term prospects, maintaining its “Overweight” rating on the tech giant. However, the firm has tempered its short-term expectations, reducing its price target for Apple (NASDAQ:AAPL) to $230 from a previous $240.
Analysts, spearheaded by Samik Chatterjee, attributed the revised price target to anticipated “medium-term moderation” in Apple’s revenue and earnings growth. They also cited macroeconomic headwinds as a contributing factor to the more cautious outlook. The analysts indicated they had updated their revenue.
While acknowledging these challenges, J.P. Morgan’s continued Overweight rating suggests they believe Apple is still a worthwhile investment with the potential to outperform the market in the long run. Investors will likely be scrutinizing Apple’s upcoming earnings reports for signs of whether these expected moderations are indeed materializing.
First Piper 