Analyst Ananda Baruah lowers Apple's price target to $170 due to weakened iPhone demand, particularly in China.
Loop Capital analyst Ananda Baruah has lowered Apple's price target from $180 to $170 due to weakened iPhone demand, especially in China. This comes amid concerns that Apple's overall revenue and earnings per share may decline in 2024, the first such drop since 2016. Baruah stated that current estimates for Apple's March quarter results are at "some risk" and that the June quarter earnings face a "material risk".
April 01, 2024
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