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2022-06-13

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

By Amit Chowdhry ● Today at 6:41 PM

The shares of Apple Inc (NASDAQ: AAPL) have received a $200 price target from Citi. And Citi analyst Jim Suva is maintaining a “Buy” rating on the shares.

Suva adjusted the rating following the company’s developer conference earlier this week. And Suva noted that the CarPlay enhancements were intriguing though not available until late 2023.

Plus Suva pointed out that Apple is working with car makers to expand the capabilities of its CarPlay, which connects users’ iPhones to their vehicles’ dashboards. And the updated software would allow the iPhone operating system to become involved in some traditionally core features not touched by third-party systems like the instrument cluster behind the wheel.

Going forward, Suva expects these enhancements to further Apple’s ambitions in the auto industry. 

Source : https://pulse2.com/apple-aapl-stock-price-200-target-and-buy-rating/amp/

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