Dueling Apple analysts (video)

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.

2 Comments

  1. John Konopka said:
    The problem now is that the stock price is caught up in politics and the madness of Trump rather than being based on fundamentals.

    Side note: I wonder if Trump’s friends are given a heads up before he unleashes a tweet so that they can short the market?

    0
    August 23, 2019

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