Rosenblatt Lifts Apple Price Target to $303 Amid Supply-Chain Woes
Rosenblatt Securities has increased its price target for Apple to $303, maintaining a neutral rating. The firm believes that Apple can manage supply-chain challenges through higher prices, premium products, and innovation.
The recent transition of Tim Cook to executive chairman and John Ternus as the new CEO is seen as a significant moment by Rosenblatt. They view the upcoming product rollout as a test of Ternus' leadership.
The $303 target price reflects a 31x multiple of projected fiscal 2027 earnings, indicating confidence in Apple's premium valuation but acknowledging limited room for setbacks.