Apple stock (AAPL) is slightly down on Jan. 30 due to rising memory costs, despite record revenue from iPhone demand in fiscal Q1. JPMorgan analyst Samik Chatterjee believes AAPL is a good buy on the dip, with shares up 50% from their low. Chatterjee maintains a “Buy” rating on AAPL with a $315 price target, citing potential upside of 24%. He predicts AI upgrades and hardware rollouts will drive sustainable growth. Wall Street firms also recommend sticking with Apple, with a consensus rating of “Moderate Buy” and a mean price target of $289, indicating potential upside of 14%.

Read more at Barchart.: Should You Buy Apple Stock Now for Record iPhone Sales?