Apple: Jefferies still says 'buy'
(CercleFinance.com) - On Wednesday an analyst at Jefferies confirms his "buy" rating on the Apple share, anticipating a "decisive" year for the group in terms of "wearables" (connected watches headphones, etc.
).
"We raise our F20 rev and EPS projections to $292B/$14.25 from $290/$14.15." Meanwhile, for 2021, it is increasing its revenue/EPS forecasts from respectively 312.6 billion dollars and 16.20 dollars to 318.4 billion dollars and 16.45 dollars.
Jefferies therefore confirms its target price of 370 dollars for the share (15% upside).
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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.
).
"We raise our F20 rev and EPS projections to $292B/$14.25 from $290/$14.15." Meanwhile, for 2021, it is increasing its revenue/EPS forecasts from respectively 312.6 billion dollars and 16.20 dollars to 318.4 billion dollars and 16.45 dollars.
Jefferies therefore confirms its target price of 370 dollars for the share (15% upside).
Copyright (c) 2020 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.