Could Apple Stock Be in for a Bumpy Ride Later in 2022?

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City on July 21, 2015. Mike Segar/Reuters

Apple Inc reported strong first-quarter results last week and expectations for continued outperformance are running high.

But an analyst at Credit Suisse is bracing for a more muted performance in the current calendar year and here’s why.

The Apple Analyst

Credit Suisse analyst Sami Badri maintained a Neutral rating on Apple shares and increased the price target from $150 to $168.

The Apple Thesis

After forecast-beating December quarter results, Apple’s management held off from giving explicit guidance but hinted at solid year-over-year growth in the March quarter, analyst Badri said in a note.