- The shares of Apple Inc (NASDAQ: AAPL) have received a $210 price target from Evercore. These are the details.
The shares of Apple Inc (NASDAQ: AAPL) have received a $210 price target from Evercore. And Evercore analyst Amit Daryanani is maintaining an “Outperform” rating on the company shares.
Daryanani said that the data from China’s CAICT suggested multinational corporation smartphone shipments — which he reads to represent Apple iPhone shipments — were down 15.4% year-over-year in December and down 32.2% sequentially.
But for the December quarter as a whole, multinational corporation smartphone shipments increased 26.6% compared to the same period last year given the relatively stronger results earlier in the quarter.
While the December data ticked down from November, Daryanani views the December quarter estimates for Apple as largely intact.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
