Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL -0.10% rose 0.4% in premarket trading Friday, as the new iPhone 11 becomes available in stores, with J.P. Morgan analyst Samik Chatterjee saying strong pre-order interest suggests a "robust" iPhone revenue trend. The stock's gain puts Apple on track to reclaim a trillion-dollar market capitalization. Chatterjee said his research indicates higher interest in the "lower-end" iPhone 11 model that initially anticipated by Apple and the supply chain, but over the next 12 months, he expects shipments to be more skewed towards the "mid-end" model. Cascend Securities Chief Investment Strategist Eric Ross raised his stock price target to $270 from $260, saying pre-orders look better than expected, with initial indications suggesting the "higher-priced" iPhone 11 Pro is seeing volume pre-order demand. The stock has rallied 10.8% over the past three months, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.07% has gained 1.3%.