Apple Revenue Growth 'Just Too Slow For Investors To Get Excited About': Analyst Highlights Advertising As Future Catalyst
Portfolio Pulse from Chris Katje
Needham analyst Laura Martin reiterates a Buy rating and $260 price target for Apple, highlighting advertising as a potential growth catalyst amid concerns over iPhone 16 demand. Martin suggests Apple's slow revenue growth is a concern, and advertising could boost growth and profit margins.
September 19, 2024 | 2:20 pm
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Needham analyst Laura Martin maintains a Buy rating on Apple with a $260 price target, citing advertising as a potential growth area amid concerns over iPhone 16 demand. Apple's slow revenue growth is a concern, but advertising could boost growth and profit margins.
The analyst's reiteration of a Buy rating and a $260 price target suggests a positive outlook for Apple's stock. The focus on advertising as a growth catalyst could address concerns over slow revenue growth and iPhone 16 demand, potentially boosting investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100