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Top Bank Revamps Apple Stock Price Target [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Neutral and set a $300 price target, saying the company may be better positioned than rivals to handle rising memory costs, according to a Friday research note. The bank said the memory-price crunch could weigh on lower- and mid-tier smartphone demand across the industry. Apple's scale, premium product mix and supply-chain control, it said, may help the company absorb more of the added cost pressure than competitors. Warning! GuruFocus has detected 2 Warning Sign with EQX. Is AAPL fairly valued? Test your thesis with our free DCF calculator. BNP's upgrade adds to a broader argument on Wall Street that Apple can defend share even in a tougher component-cost backdrop. The firm's view is that Apple's pricing power and procurement strength give it room to protect demand better than peers.
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