HomeTechFAANGApple (AAPL) Earnings: CFRA With A Buy Rating & $160 Stock Price Target
Apple (AAPL) Earnings: CFRA With A Buy Rating & $160 Stock Price Target

The Apple (AAPL) earnings almost matched estimates with $1.24 in EPS and $83.36B in revenue for the fourth quarter. iPhone revenue cam in at $38.87B and services revenue at $18.28B. CFRA maintains a buy rating on the stock with a $160 price target. Angelo Zino expects a sharp deceleration in iPhone growth moving forward as supply constraints may limit upside to consensus views. Also, he believes that investor sentiment is likely to remain lukewarm due to tough comparisons.

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