According to Zhitong Finance APP,CitiAfter mentioning the strong demand for personal computers, smartphones, and wearable devices in the end market, banks raised their expectations.AppleWe maintain our "Buy" rating on the company (AAPL.US) with a target price of $170.
Analyst Jim Suva believes that AirTags have also brought significant benefits to Apple, and with the launch of the tech giant's "world-class marketing," high-profit sales of Apple accessories have also been boosted. In a research report, Suva told investors that even considering the $3 billion to $4 billion impact of the decline in chip availability in the June quarter, general market expectations are still too low.
In addition, Citigroup's forecast for Apple's earnings per share for fiscal year 2021 is $5.33, compared to its previous forecast of $5.18 and the market consensus expectation of $5.17. The bank also raised its profit forecasts for Apple in fiscal years 2022 and 2023.