Cowen’s Krish Sankar sees Apple reaching $250 within a year. Rosenblatt’s Jun Zhang is looking at $150.
From CNBC’s Squawk Alley Thursday:
- Rosenblatt downgraded Apple in July to sell from neutral. It still stands by its bearish sentiment. The long-term price target of $150 represents a 28% drop from Tuesday’s close of about $210 per share.
- An analyst from the firm says, “We continue to believe that even without tariffs, Apple’s iPhone sales will continue to be weak.”
- On the other hand, Krish Sankar from Cowen remains bullish on the tech company. The firm’s $250 price target represents a 19% increase from Tuesday’s close.
Cue the video:
My take: It’s the old story. Zhang is still counting iPhone units, Sankar has moved on to Services.