Cowen raises AAPL price target to $180, says growth will continue into 2022
Cowen and Company has raised its Apple stock price target to $180 and has revised its Apple estimates upwards across the board after the company's Q2 2021 earnings beat.
Cowen and Company has raised its Apple stock price target to $180 and has revised its Apple estimates upwards across the board after the company's Q2 2021 earnings beat.
Apple's second fiscal quarter of 2017 was largely a mixed bag, in the eyes of investors, who saw some positives but were also disappointed by some results. Analysts reacting to the quarterly results were largely indifferent on the short term, remaining focused on growth of the company's Services business and an anticipated "iPhone 8" super-cycle.
Customers who schedule an appointment to try on the Apple Watch are extremely likely to walk away with a preorder for the device, according to a new informal poll of retail employees conducted by an analyst.
Though Apple moved on from the 4-inch screen size this year with the launch of the 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus, the company may return to that form factor next year with a new low-end handset, a new report claims.
Investors place too great an emphasis on Apple's total iPhone unit sales every quarter, without giving enough consideration to the company's transition to greater monetization of its unique ecosystem of services, one analyst believes.
A survey of secondary market pricing for dozens of smartphone and tablet models has found that the iPhone and iPad carry significant resale premiums over their competitors, which which is expected to bode well for Apple among customers looking to upgrade to the company's latest devices.
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