Market Overview

Jefferies & Company Reiterates Buy Rating, $900 PT on Apple

Share:
Related AAPL
Consulting The Crystal Ball To See How Apple May Reduce Its iPhone Dependence
Skyworks Exceeds Expectations, Evolves Away From iPhone-Dependence
Apple, Tesla, Facebook, Fed To Grab Spotlight: Investing Action Plan (Investor's Business Daily)

In a report published Friday, Jefferies & Company reiterated its Buy rating and $900.00 price target on Apple (NASDAQ: AAPL).

Jefferies noted, “QCOM's analyst day had implications for the broad smartphone, tablet, and mobile market in the short to medium term. In particular, smartphone ASPs are declining and the iPhone 5 is unlikely to launch at China Mobile in H1:13. Smartphones are going to continue to grow, but growth will be low double digits in developed markets and high double digits in developing.”

Apple closed on Thursday at $525.62.

Latest Ratings for AAPL

DateFirmActionFromTo
Apr 2017Morgan StanleyMaintainsOverweightOverweight
Apr 2017Credit SuisseMaintainsOutperformOutperform
Apr 2017Pacific CrestMaintainsOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!