What Happened: Goldman Sachs reiterated its Sell rating and $83 price target after Apple‘s “Spring Forward” event Tuesday. Morgan Stanley analyst Katy Huberty maintained Apple at Overweight and raised her price target to $158 on Wednesday.
Huberty is looking at services and wearables, Najarian said. “That’s where the margins are and where [Apple] continues to grow,” he said.
People are going to continue upgrading their Apple products, he added.
Related Link: Why Analyst Sees AirTags As A $10B Opportunity For Apple
“There are a lot of different categories that I think make Apple really interesting going forward,” Najarian told CNBC.
CNBC’s Scott Wapner said he normally provides a counter to arguments on the show, but in the case of Apple, he said he did not have one. “The numbers don’t lie,” Wapner said.
Apple is scheduled to report second-quarter earnings on April 28.
APPL price Action: Apple was up 0.23% at $133.42 at last check Wednesday afternoon.
(Photo: The recently introduced iPad Pro via Apple.)
© 2021 Fintech Zoom.com. Fintech Zoom does not provide investment advice. All rights reserved.