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

By Amit Chowdhry ● Apr 6, 2022
  • The shares of Apple Inc (NASDAQ: AAPL) have received a $200 price target from Piper Sandler. These are the details.

The shares of Apple Inc (NASDAQ: AAPL) have received a $200 price target from Piper Sandler. And Piper Sandler analyst Harsh Kumar issued an “Overweight” rating on the shares.

Kumar noted that Apple’s share of smartphone ownership remains near record highs in Piper Sandler’s spring 2022 teen survey. And of the 7,100 respondents, 87% have an iPhone – which is slightly below the 88% record set in the spring 2021 survey. 

Plus the iPhone could return to record highs due to the 87% purchase intention among teens as over 23% of teens plan to upgrade to an iPhone 13 this spring/summer. And Kumar views the survey results as a sign that Apple’s place as the dominant device brand among teens remains well intact.

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