(News Bulletin 247) – Barclays on Wednesday raised its price target for Apple shares, raised from 145 to 149 dollars, in the wake of the rebound signed by the major technology stocks in recent months.
The analyst, who maintains his recommendation to ‘weight in line’ on the value, said he expects quarterly results ‘in line’ with expectations when published on May 4.
According to the professional, the solidity of sales of the iPhone should indeed make it possible to compensate for the weakness of the activity of services and sales of Macs.
Barclays, on the other hand, believes that the quarter that will end at the end of June is likely to disappoint investors due to the trend of deterioration in demand, in particular for the new iPhone 14 Pro.
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