Desperately seeking the latest notes to analysts from Goldman Sachs' Rod Hall and New Street's Pierre Ferragu.
The two analysts with the deepest price targets on the Street raised them Thursday. From today's Apple’s stunning Q1 2022 quarter: What the analysts are saying:
- Rod Hall, Goldman Sachs. Neutral. Target to $161 from $142.
- Pierre Ferragu, New Street. Upgraded to Neutral from Sell. Target to $165 from $90.
I'd like to understand their change of heart, but requests through the usual channels have come up short. If you have either note, please forward it to firstname.lastname@example.org.
Thanks in advance.
UPDATE: Posted on Twitter:
We dropped our sell rating on $AAPL this morning. iPhone demand flying well over what we expected, breaking replacement dynamics we observed in the last 10 years. Consumer demand for high-end electronics remains insane. Too bad, we won't have an opportunity to buy a dip!
— Pierre Ferragu (@p_ferragu) January 28, 2022