Rosenblatt Lifts Apple Price Target to $303 Amid Supply Chain Optimism
Rosenblatt Securities has raised its price target for Apple Inc. (AAPL) to $303, citing the company's successful navigation of supply chain constraints and potential price hikes.
The stock currently trades at $316.85, above the analyst's target, and InvestingPro data suggests it is overvalued based on its Fair Value analysis.
Rosenblatt assumes that Apple will successfully navigate supply chain issues with premium-priced products mitigating margin pressures ahead of a high-profile iPhone rollout scheduled for September 9.