Apple: Credit Suisse raises target price to 175 dollars.
(CercleFinance.com) - Credit Suisse has raised its target price on Apple to 175 dollars (from 170 dollars), saying the tech giant yesterday posted "a solid set of results.
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Apple showed growth in all product lines and all regions, Credit Suisse said in a research note.
The brokerage firm in particular said that two concerns were lifted by the results, with guidance considered as "reassuring" and gross margin much better than expected.
"With the iPhone showing sustained growth, and services again showing robust growth, we still look forward to an iPhone 8 "super cycle,"" Credit Suisse anticipated.
The broker maintains an "outperform" rating on the Apple stock.
Copyright (c) 2017 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.
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Apple showed growth in all product lines and all regions, Credit Suisse said in a research note.
The brokerage firm in particular said that two concerns were lifted by the results, with guidance considered as "reassuring" and gross margin much better than expected.
"With the iPhone showing sustained growth, and services again showing robust growth, we still look forward to an iPhone 8 "super cycle,"" Credit Suisse anticipated.
The broker maintains an "outperform" rating on the Apple stock.
Copyright (c) 2017 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.