Market Overview

Global Equities Raises Apple Inc. Price Target, Says Innovation Is Back


In a note dated September 20, Global Equities analyst Trip Chowdry raised his price target for Apple Inc. (NASDAQ: AAPL) from $115 to $130.

Chowdry said Apple is the only company that can eliminate complexity with simplicity. He cited Apple's complex integration of hardware and software with the Cloud, which results in a simplistic interface for the end user.

Chowdry also pointed to the iPhone, which he said gets "much better" with each release and also sells more than the previous version. He noted this is a recipe for continued success.

Looking ahead, Chowdry is predicting fiscal 2015 revenues and EPS of $203 billion and $7.43, respectively.

Latest Ratings for AAPL

Oct 2020Raymond JamesMaintainsOutperform
Oct 2020Piper SandlerMaintainsOverweight
Oct 2020Credit SuisseMaintainsNeutral

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Posted-In: Global Equity Research Trip ChowdryAnalyst Color News Price Target Analyst Ratings

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