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Apple Remains Gene Munster's Top Large-Cap Pick Ahead Of WWDC

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Apple Remains Gene Munster's Top Large-Cap Pick Ahead Of WWDC

Top tech analyst on the Street, Piper Jaffray's Gene Munster, issued some comments on Apple Inc. (NASDAQ: AAPL) Thursday morning. The note came ahead of Apple's renowned World Wide Developers Conference, an event that has historically been a seasonal standout among Apple fanboys and tech heads alike.

The event is scheduled to take place on Monday, June 13.

"We believe the main news out of this years WWDC will be around opening up Siri for deeper voice control in iOS and updates to Apple Pay (either at WWDC or in the fall) with more incremental updates to iOS, OS X, WatchOS, and tvOS," according to Munster.

Related Link: This Analyst Says Apple Watch Sales Are Surprisingly Strong

The Piper analyst offered three main points in his note.

  1. Expect Software The Focus, As Usual
  2. Hardware Wildcard: Small Possibility For New Macs, Do Not Expect Home Hub
  3. Expect Fall To Be Core of Major Updates

Munster maintained an Overweight rating and $153 price target on shares of Apple.

Latest Ratings for AAPL

DateFirmActionFromTo
Feb 2021RBC CapitalAssumesOutperform
Jan 2021DA DavidsonMaintainsBuy
Jan 2021Deutsche BankMaintainsBuy

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