Oppenheimer Maintains Outperform on Apple, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Martin Yang has maintained an 'Outperform' rating on Apple (NASDAQ:AAPL) but lowered the price target from $220 to $200.
October 30, 2023 | 6:48 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Apple's price target has been lowered from $220 to $200 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential for the stock to perform well, which could counteract the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100