On July 27thApple Inc.Prior to the release of the financial report, analysts at Gatong Beixiang raised their business expectations for the stock based on “strong market demand for the company's products.”
The US Stock Research Institute learned that according to 36 krypton news, Gatong Beixiang said that Apple's target price will be raised from 175 US dollars to 185 US dollars.
Gatong Beixiang analyst T. Michael Walkley told investors in a research report that Apple is in an advantageous position and will continue to benefit from the 5G upgrade cycle. Apple's (AAPL.O) price target was raised from $165 to $175, and the buy rating for the stock was reiterated.
Walkley said Apple continues to demonstrate the strength of its product ecosystem. He believes that if Apple re-provides financial guidance, then the general expectations of the outside world for its Q3 and Q4 performance will prove to be conservative