Why Apple Analysts Prefer to Look Past Supply Chain Challenges, Remain Bullish After Q4 Revenue Miss

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

Apple Inc. shares have come under selling pressure after the company’s fourth-quarter revenues missed expectations amid supply chain constraints.

The Apple Analysts

Morgan Stanley analyst Katy Huberty maintained an Overweight rating on Apple shares and reduced the price target from $166 to $164.

Oppenheimer analyst Martin Yang reiterated an Outperform rating and raised the price target from $165 to $170.