Connect with us


Ahead of Apple’s latest earnings report, Deutsche Bank and UBS emphasize maintaining “buy” rating_China IT News



IT House reported on January 24 that Apple will announce its financial report for the first quarter of the 2023 fiscal year (that is, the fourth quarter of last year) on February 2.UBS and Deutsche Bank continued to underscore their buy ratings on Apple shares ahead of the official announcement.

In a report released by UBS today, analyst David Vogt (David Vogt) maintained his “buy” rating on Apple and said that Apple’s target price per share is $180.

And pointed out that his earlier decision to lower his estimate of supply chain problems did not take into account the weakening of the dollar.

Deutsche Bank previously upgraded its “buy” rating on Apple. Analyst Sidney Ho cut his price target on the stock to $160 from $170, though he said he expects Apple’s first-quarter results to meet or slightly beat his expectations.

He pointed out that since Apple announced in November last year iPhone 14 Pro Supply constraints have improved since model delays, and the stock is risk/reward positive after the recent pullback.

IT Home inquired about Apple’s stock price on Monday and found that it rose by $3.24 (+2.35%) to close at $141.11 per share.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *