Arete analyst Richard Kramer raised the firm’s price target on Apple to $180 from $168, reiterating a “Buy” rating on the shares.
In a research note to clients, Kramer says that Apple is primed to benefit from the wide-ranging refresh of its product portfolio at a time when investors are “fretting over near-term chip shortages.”
Kramer’s fiscal 2022 estimates for Mac, iPad, and iPhone are all above analysts’ consensus expectations, he notes.
MacDailyNews Take: From Richard Kramer’s lips to Mr. Market’s ears!
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AAPL tanks 2% on this news. Shares fall hard on VERY heavy volume. Apple shareholders stampeded to the exits yesterday as selling volume hit near record highs.
It wasn’t this news that hit Apple. There was a general stock sell-off because of the inflation news.
Love that joe Biden
Abject nonsense. A near record volume sell off of AAPL had nothing to do with the general market move yesterday. You are clueless.
Americans are concerned so much under China dementia Let’s go Brandon. Hope they are in great awaking now, if not then when?.
I remember Apple was supposed to tank at 100$, and here it is hovering around $150.00 for the last while. I’m more inclined that it will inch upwards.