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Rosenblatt Hikes Apple Price Target, Sees Downside Amid CEO Transition

Guavy AI Editorial Team
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AAPL
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Rosenblatt Securities has raised its price target for Apple (AAPL) stock to $303, but analysts still see downside amid CEO transition. The new target implies a roughly 4.4% decline from current levels.

The firm expects higher iPhone prices and a greater mix of premium products to help Apple manage supply-chain pressures. Rosenblatt also believes stronger product innovation is key to justifying Apple's premium valuation.

Apple's new CEO John Ternus will face an early test on September 9 when the company holds its major iPhone launch event, marking his first major product unveiling as CEO.

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