Apple's target price was raised to $355 before the release of its financial report
Ai Focus
Monness, Crespi, Hardt Analyst Brian White raised his target price for Apple from $335 to $355 before Apple's financial report release on November 2nd and maintained a "buy" rating. He stated that Apple's product innovation and Apple Intelligence capacity expansion are key drivers of growth, but supply constraints and broader macroeconomic risks remain major concerns.
Before Apple Inc. ( AAPL ) released its financial report on November 2nd, Monness, Crespi, and Hardt analysts Brian White raised Apple's target price from $335 to $355 and maintained a "buy" rating.
White indicates that Apple's product innovation, as well as the continuous expansion of Apple Intelligence capabilities, are key factors driving growth.
He also pointed out that Apple may launch a MacBook Pro with a OLED touchscreen, which could also boost investors' interest.
The financial report to be released soon will mark the first earnings conference call hosted by CEO John Ternus.
However, as investors update their views on Apple's financial performance and growth prospects, supply constraints, as well as broader macroeconomic risks, remain the main concerns facing Apple.
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