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AAPL

Apple

$259.50 /

-2.88 (-1.10%)

06:12
04/08/20
04/08
06:12
04/08/20
06:12

Apple price target raised to $300 from $260 at Piper Sandler

Piper Sandler analyst Harsh Kumar raised the firm's price target on Apple to $300 from $260 and keeps an Overweight rating on the shares. The stock closed Tuesday down $3.04 to $259.43. Piper's latest survey of 5,200 teens show that 85% have an iPhone, the highest percentage ever in the survey and up from 83% in the spring 20 19 and fall 2019 surveys, Kumar tells investors in a research note. In addition, iPhone may have room to move higher, with 88% of teens anticipating their next phone to be an iPhone, says the analyst. Kumar points out that Apple Watch was the top smartwatch among teens, garnering 25% share, up from 20% in the fall survey. The analyst views the survey results as a sign that Apple's place as a dominant device brand among teens "remains well intact."

  • 30

    Apr

AAPL Apple
$259.50 /

-2.88 (-1.10%)

04/08/20 Piper Sandler
Piper lays out winners and losers in survey of 5,200 teens
04/08/20 Piper Sandler
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04/07/20 Craig-Hallum
Apple supply disruptions may lead to staggered iPhone release, says Craig-Hallum
04/03/20 Cowen
Apple price target lowered to $335 from $370 at Cowen

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