Apple: Jefferies says buy - raises target price
(CercleFinance.com) - On Friday a Jefferies analyst confirmed his "Buy" recommendation on the Apple stock, having increased its target price for the share from 370 dollars to 405 dollars.
"As a result, we feel incrementally confident in AAPL's oppty with the 5G cycle... . Looking forward to the 5G cycle later this year, we expect Apple's pricing to be largely consistent with last year... and think that investor fears around margin compression may be overblown," the broker says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"As a result, we feel incrementally confident in AAPL's oppty with the 5G cycle... . Looking forward to the 5G cycle later this year, we expect Apple's pricing to be largely consistent with last year... and think that investor fears around margin compression may be overblown," the broker says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.