Apple's Multi-Year iPhone Cycle And App Store Dynamics Are Growth Catalysts: Analyst

Biztoc.com - 3. Dezember 2024

Apple's Multi-Year iPhone Cycle And App Store Dynamics Are Growth Catalysts: Analyst

BofA Securities analyst Wamsi Mohan maintained a Buy rating on Apple Inc. (NASDAQ:AAPL) with a price target of $256. The analyst cited the multi-year iPhone upgrade cycle, tailwinds to gross margin, and strong cash flows as factors for rating reiteration. The…

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