UBS Raises Apple Price Target Ahead of Earnings Release

Deep News04-28 23:13

UBS indicated that despite ongoing tight memory supply, Apple's continued launch of popular personal devices favored by consumers is expected to lead to strong performance in the upcoming earnings report.

The investment bank increased its price target for Apple shares from $280 to $287, suggesting a potential 2.5% upside from Monday's closing price. This adjustment comes just two days before Apple is scheduled to announce its fiscal second-quarter results.

Analyst David Vogt noted in a research report to clients on Monday, "Resilient supply chain conditions, coupled with sustained strong demand for the iPhone 17 series and steady market share gains, are expected to drive iPhone revenue growth of approximately 20% year-over-year."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment