Apple (AAPL) PT Lowered 9% to $168 at Rosenblatt

May 2, 2022 8:19 AM EDT
Get Alerts AAPL Hot Sheet
Price: $141.78 +2.54%

Rating Summary:
    44 Buy, 19 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 20
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Rosenblatt analyst Barton Crockett lowered the price target on Apple (NASDAQ: AAPL) to $168.00 (from $184.00) while maintaining a Neutral rating.

The analyst commented, "Upon reviewing a constructive March quarter report post-close 4/28 that was tempered by expectations of larger supply disruptions in June quarter, we don't know when China ceases to be a Covid risk for Apple. Also, Alphabet said on its March quarter earnings report that Google Play revenues fell because of fee cuts. A similar haircut may need to happen at Apple's App Store."

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