Citi Bumps Up Apple Price Target By 18 percent; Remains Bullish

The apple logo is projected on a screen before the start of a product launch event at Apple's headquarters in Cupertino, Calif., on Sept. 10, 2019. Josh Edelson/AFP via Getty Images

Citi analyst Jim Suva bumped up the price target on Apple Inc to $200 from $170 and reiterated a Buy. The new price target implies an upside of 15.6 percent.

Suva notes that demand for Apple’s products and services should be “resilient” in FY22, following market share gains in 2021.