Apple: Jefferies still a buyer after results

(CercleFinance.com) - Jefferies maintains its "buy" rating on Apple shares, along with its target price of $195 (cp almost $170, +2.
3% pmt) following a Q2 earnings report that it described as "resilient" for the technology company.

"Few things in the market are as certain as Apple's cash-generating abilities, product resilience, and remarkably high consumer sentiment," the broker said.

"The March Q had all three on display, with a new $90B stock buyback and iPhone outperformance," it continues, although warns that "macro uncertainty continues to be the primary theme".


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.