Loop Capital hikes Apple target $45 to $210

From TheFly, which snagged the note from analyst Ananda Baruah:

Loop Capital analyst Ananda Baruah raised the firm’s price target on Apple to $210 from $165 and keeps a Buy rating on the shares. The company is positioning for both iPhone unit and average selling price upside relative to the Street expectations, the analyst tells investors in a research note. Baruah adds that he sees this upside translating into iPhone and overall revenue growth potential of 10%-15% in 2022 after Apple already posted a very strong 2021 of 25% growth rate in each. The analyst notes that the current Street iPhone and overall revenue growth projections are at 2% and 5%.

Maintains Buy rating. Raises price target to $210 from $165.

My take: Where has Ananda Baruah been for the last six months?

2 Comments

  1. David Emery said:
    > “My take: Where has Ananda Baruah been for the last six months?”

    Hiding in what we used to call in the Pentagon “desktop defilade” (hiding low behind your desk, hoping no one hands you a new tasker to work on…)

    0
    January 15, 2022
  2. Robert Paul Leitao said:
    If Apple’s revenue growth rate in FY2022 approaches the 10% – 15% range the analyst suggests, the price target would likely need to be revised higher.

    2
    January 15, 2022

Leave a Reply