Apple price target lowered by $2 at Barclays, here's why - InvestingChannel

Apple price target lowered by $2 at Barclays, here’s why

Barclays analyst Tim Long lowered the firm’s price target on Apple to $184 from $186 and keeps an Underweight rating on the shares post the fiscal Q4 report. The company’s December quarter is a slight guide-down after a “decent” Q4, the analyst tells investors in a research note. The firm says Apple is calling for Q1 revenue to grow low- to mid-single-digits year-over-year, missing the Street by a few points. Barclays estimates Q1 iPhone revenue will be up “only” 1%, consistent with its weaker supply chain and sell-through checks for the iPhone 16.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire