Citibank: Strong demand for Apple products, target price of $170

智通财经2021-07-14

Zhitong Finance APP learned that,CitigroupBanks raised their expectations after citing strong demand for PCs, smartphones and wearables in end marketsAppleThe company's (AAPL.US) valuation maintains a "buy" rating with a target stock price of $170.

Analyst Jim Suva believes AirTags have also brought significant benefits to Apple, and the high-margin sales of Apple accessories have also been boosted with the launch of the tech giant's "world-class marketing". Suva told investors in a research note that even taking into account the $3 billion to $4 billion impact of declining chip availability in the June quarter, consensus expectations are still too low.

In addition, Citigroup estimates Apple's fiscal 21 earnings per share of $5.33, compared with the previous estimate of $5.18 and the market consensus estimate of $5.17. In addition, the bank's profit forecast for Apple's 2022 and 2023 fiscal years has also increased.

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Comments

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    2021-07-15
    tiongjlam
    [財迷] [財迷] [財迷] 
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    2021-07-15
    爱捞虎油
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    2021-07-14
    空无一物
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    2021-07-14
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    2021-07-14
    迷茫的渔夫
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    2021-07-14
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