From a note to clients by veteran analyst Ivan Feinseth snagged by Yahoo! Finance:
The 5-star analyst counts “strong product demand, new product introductions, and accelerating Services revenue” as the basis for his bullish take, all which will “continue to drive significant revenue and Economic Profit growth.”
If it’s product and innovation you’re after, then you might as well head straight to the iPhone – or more specifically, the iPhone 13, to be launched this Friday (Sep 24).
“For relatively the same price points as comparable iPhone 12 models,” says the 5-star analyst, “The new iPhone 13 models give consumers higher resolution cameras and screens, faster processors, increased functionality, more storage, and longer battery life.”
Maintains Strong Buy and raises target to $198 from $182.
My take: That’s one way to get attention. Are you listening, Daniel Ives?