Deutsche Bank analyst Sidney Ho raised the firm’s price target on Apple Inc. to $200 from $175 and reiterated a Buy rating on the shares. The price target implies an upside of 15.6 percent.
Considering a “healthy demand backdrop” and Apple’s “strong” portfolio across its product lines, the Street estimate for 2022 revenue growth of only 5 percent is too low with the push-out of some revenue from 2021 already accounting for three percentage points of growth, Ho notes.
