Apple: Jefferies ups TP before developer conference
(CercleFinance.com) - Apple: Jefferies ups TP before developer conference
Jefferies said on Friday that it had raised its target price for Apple from $195 to $210 ahead of the tech giant's developer conference on Monday.
According to the analyst, who maintains his buy rating on the stock, the event should provide an opportunity for the group to officially unveil its first virtual reality/augmented reality (VR/AR) headset.
"This will likely be remembered as one of the most important days in recent Apple history as the company takes on a once-promising technology", the broker says.
According to Jefferies, the device designed by Apple promises to be a "technological marvel" compared to previous devices, in particular thanks to the group's efforts in designing "in-house" chips and sensors.
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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.
Jefferies said on Friday that it had raised its target price for Apple from $195 to $210 ahead of the tech giant's developer conference on Monday.
According to the analyst, who maintains his buy rating on the stock, the event should provide an opportunity for the group to officially unveil its first virtual reality/augmented reality (VR/AR) headset.
"This will likely be remembered as one of the most important days in recent Apple history as the company takes on a once-promising technology", the broker says.
According to Jefferies, the device designed by Apple promises to be a "technological marvel" compared to previous devices, in particular thanks to the group's efforts in designing "in-house" chips and sensors.
Copyright (c) 2023 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.