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Rosenblatt Boosts Apple Price Target Amid Supply Chain Optimism

Guavy AI Editorial Team
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AAPL
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Rosenblatt Securities has increased its price target for Apple Inc. to $303 from $300, citing the company's successful navigation of supply chain constraints and potential price hikes.

The analyst firm assumes that Apple will successfully address supply chain issues ahead of a high-profile iPhone rollout scheduled for September 9.

Rosenblatt views the stock as overvalued based on its Fair Value analysis, placing it among the most overvalued stocks in the market. The stock currently trades at $316.85.

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