Securities firm Rosenblatt is still bearish on Apple’s future, seeing short term supply problems as well as difficulties matching the iPhone 17 range’s success. Just the same, it has raised its price target to a still-underwater $300.
iPhone 17 Pro was such a hit that Apple may have difficulty matching it
iPhone 17 Pro was such a hit that Apple may have difficulty matching it
Following Apple’s latest earnings call, the company’s shares took their usual inexplicable dip, but investment and securities firms are looking further ahead. Rosenblatt, which remains amongst the most bearish on Apple, has told investors that it is raising its price target by $24 to $300.
In an note to investors seen by AppleInsider, the company says that it has decided to do this by focusing on how it believes Apple will be faring in a year’s time. Even then, it says the reason for only raising the target by what it calls a modest amount, is down to the volatile financial environment.