JPMorgan adds Apple to its focus list, says stock can jump 20% by year-end

An iPhone 12 Pro ad and display at a Spectrum store in New York, June 19, 2021.
Scott Mlyn | CNBC

The outlook for Apple is improving in the short and long-term as the tech giant gets a handle on the industry's supply chain issues, according to JPMorgan.

More In Street Calls

CNBC ProThese stocks have major upside heading into the second half, Wall Street analysts say
CNBC ProHere are Friday's biggest analyst calls of the day: Apple, FedEx, Coinbase, Honeywell, Micron & more
CNBC ProEnergy stocks are the best bet in the market right now, says JPMorgan