CCiti AApple · AAPL
Citi Boosts Apple Price Target to $365
Rating
Buy
Price target
$365
Previous
$315
Implied upside
+16%
Citi analyst Asiya Merchant raised the price target on Apple (NASDAQ: AAPL) to $365 (from $315) while maintaining a Buy rating.
“We remain constructive on Apple shares and expect the company to continue gaining market share despite a slowing devices end market,” Merchant said.
“We believe Apple’s ability to implement selective price increases will help offset margin pressures, while its premium brand and loyal customer base should limit demand weakness.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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