Rothschild's AAPL price target soars to $400 on iPhone Ultra expectations
Financial advice group Rothschild & Co Redburn has raised its Apple price target by a huge $140, specifically because it believes that an iPhone Ultra is a "match made in heaven" for the company. Analysts believe Apple will do well in the Q3 results. Rothschild & Co Redburn doesn't seem to concentrate much on Apple, and its usual price targets tend to lag behind firms that do, such as Morgan…
Rothschild & Co Redburn has significantly increased its price target for Apple shares from $260 to $400, citing the anticipation of a new iPhone Ultra model. This move comes as the financial advice group believes the upcoming device will be a perfect fit for Apple, leading to strong performance in the upcoming Q3 results. While other analysts, such as Morgan Stanley, have lowered their targets, Rothschild maintains a "Buy" rating for the stock and continues to monitor the company closely.
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