(New York = Yonhap Infomax) Reporter Lim Ha-ram = On the 3rd (local time), positive evaluations continued on Wall Street regarding the performance of Apple (NAS: AAPL) announced the previous day.
New York Apple Store [애플 제공]
Wall Street experts said they are not too worried about a decline in iPhone sales as long as the company’s bottom line increases and the company’s stock buyback program increases.
Most analysts at major investment banks (IB) maintained their buy recommendation on Apple stock.
After looking at Apple’s performance, Bank of America (BofA) analysts explained that their view of Apple as their top stock has not changed.
BofA raised Apple’s 12-month target stock price from $225 to $230, analyzing that Apple’s upgrade cycle led by productive artificial intelligence (AI) is approaching and that growth in Apple’s service sector is accelerating.
Citi raised the comment that Apple’s stock price could surge in a short period of time.
Citi issued a ‘positive catalyst watch’ order for Apple, assessing that Apple’s stock price could rise sharply around June.
Citi predicted that Apple could announce AI technology at the annual Worldwide Developers Conference (WWDC) held on June 10, and its stock price could rise significantly.
In fact, Apple CEO Tim Cook announced earnings the previous day and said he plans to make a big AI-related announcement at WWDC.
On this day, Apple’s stock price increased on the New York Stock Exchange.
According to Yonhap Infomax (screen number 7219), at about 10:30 am on this day, Apple’s stock price was trading at $183.92, up about 6.3% from the previous day.
Related Stocks: Apple (NAS: AAPL)
hrlim@yna.co.kr
(end)
This article was published at 23:32 on the Infomax financial information terminal.
Send an article to SNS Send an article to Facebook Send an article to Twitter Send an article to Kakao Story Send an article to Kakao Chat Send an article to Naver Band Send an article to Naver Blog Send an article to Pinterest Find other shares
#Wall #Street #Apples #performance #Apple.. #stock #price #rise
.jpg?fit=300%2C300&ssl=1)
