Apple (AAPL) Stock: $200 Price Target And Buy Rating

By Amit Chowdhry ● May 1, 2022
  • The shares of Apple Inc (NASDAQ: AAPL) have received a $200 price target from Deutsche Bank. These are the details.

The shares of Apple Inc (NASDAQ: AAPL) have received a $200 price target from Deutsche Bank. And Deutsche Bank analyst Sidney Ho is maintaining a Buy rating on the shares. 

Ho adjusted the rating after noting that the fiscal second-quarter results indicated continued strong demand for its products and services. But Apple faces increased supply-chain and demand uncertainty from China going forward. 

Plus Ho believes the biggest variable for the third quarter will end up being the impact on consumer spending in China from the COVID-19 lockdowns. But Ho still views Apple’s shares as a high-quality option in this market and believes that the premium valuation to other hardware tech companies is justified.

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