J.P. Morgan maintains a Buy rating on Apple and raises its stock price target to $345, according to a note to investors cited by outlets reporting on the change. The target increase is described as $20 higher than the firm’s previous target set in January, when it raised Apple’s price target to $325. The update comes as Apple has implemented price increases on many of its products. Reporting attributes the price changes to broader hardware supply-chain pressures tied to memory costs. J.P. Morgan argues that these RAM- and hardware-related cost increases do not meaningfully disrupt Apple’s longer-term revenue outlook. The firm also expects demand to remain solid for Apple’s premium offerings, including products such as the Mac Studio. Overall, both sources frame the move as an analyst confidence update rather than a change in rating, with the central thesis focused on Apple’s ability to sustain revenue gains despite higher component costs.