Stocks
Rosenblatt Lifts Apple Target to $303 Amid Supply Chain Concerns
Rosenblatt Securities has raised its price target for Apple to $303 from $300, but maintains a Neutral rating.
The increase is modest and the current market price of AAPL is around $316-$320, making the new target roughly 4%-5% below the stock's value.
Rosenblatt expects Apple to manage supply-chain pressure through higher pricing and a greater mix of premium products.
Other analysts are more bullish, with BofA Securities reiterating a Buy rating with a $380 target, implying nearly 20% upside from current levels.
The dispersion highlights the question facing investors: whether Apple can produce enough new growth to justify its valuation around 33 times forward earnings while navigating higher component costs and intense competition in AI.