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Apple (AAPL) PT Raised to $240 at Tigress Financial Partners, 'it should see a reacceleration in revenue growth'

November 16, 2023 10:53 AM EST

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Apple (NASDAQ: AAPL) to $240.00 while maintaining a Strong Buy rating.

The analyst comments "

We reiterate our Strong Buy rating on AAPL and increase our 12-month target price to $240 as record iPhone sales and services revenue, along with margin expansion, highlight the strength of its ecosystem, and it should see a reacceleration in revenue growth driven by a resumption in PC demand, which will continue to drive greater shareholder value creation. AAPL recently... More