Apple (AAPL) Stock: $168 Price Target From Rosenblatt

By Amit Chowdhry ● May 3, 2022
  • The shares of Apple Inc (NASDAQ: AAPL) have received a $168 price target from Rosenblatt. These are the details.

The shares of Apple Inc (NASDAQ: AAPL) have received a $168 price target from Rosenblatt. And Rosenblatt analyst Barton Crockett is maintaining a “Neutral” rating on the shares.

Crockett adjusted the rating upon noting that the company’s March quarter report last week was constructive. But it was also tempered by the expectations of larger supply disruptions in the June quarter.

But Crockett does not know when China ceases to be a Covid risk for Apple. And Crockett also noted that Alphabet said on its March quarter earnings call that Google Play revenues fell due to fee cuts and he is concerned that a similar haircut may need to happen for Apple’s App Store.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.