(News Bulletin 247) – Credit Suisse maintains its Hold recommendation on Apple stock but raises its price target from $188 to $200.
The announcement of the release of the Vision Pro, Apple’s high-end mixed reality AR/VR headset is at the heart of the analysis.
“Vision Pro solves many technical limitations that hold back competing products and represents the first no-compromise mixed reality solution,” says Credit Suisse.
And to update its revenue model to include Vision Pro with ‘approximately $4.5 billion in estimated first-year revenue with negative gross margin, resulting in slightly lower F24 EPS, down $0.04 to $6.59 ‘.
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