Apple, Inc. started its fiscal-year 2022 with a bang, reporting record first-quarter results for most product categories and geographies. An analyst at Tigress Financial is optimistic that the company can sustain the momentum throughout the year.
The Apple Analyst
Tigress’ Director of Research Ivan Feinseth reiterated a Strong Buy rating and increased the price target to $210, representing an upside of roughly 25 percent from current levels.The Apple Thesis
A strong demand cycle, coupled with an improving supply chain, will continue to drive accelerating business performance trends, Feinseth said in a note.The analyst sees further improvement in supply-chain constraints, an acceleration in Services growth and an extended 5G-powered iPhone supercycle. Additional support will come from the company’s ongoing product innovations, the analyst said.
