Rosenblatt Reiterates Neutral on Apple, Raises Price Target to $196
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Barton Crockett has reiterated a Neutral rating on Apple (AAPL) and increased the price target from $189 to $196.
May 03, 2024 | 12:44 pm
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Rosenblatt analyst Barton Crockett reiterated a Neutral rating on Apple, raising the price target from $189 to $196.
The increase in price target by Rosenblatt reflects a positive adjustment in their valuation of Apple, suggesting a potential upside from the current trading levels. However, the Neutral rating indicates that the analyst sees balancing factors that might prevent a strong bullish movement in the short term. Investors might view this adjustment as a sign of confidence in Apple's steady growth or financial health, potentially leading to a positive sentiment in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100