Apple Scores Upgrade and Multiple Price Target Boosts on Services Potential and iPhone Recovery
Apple (NASDAQ: AAPL) got numerous analysts nods on Thursday, resulting in an upgrade and multiple price target increases on growing bullishness regarding the potential for a financial rebound from the COVID-19 pandemic.
HSBC analyst Nicolas Cote-Collison turned slightly more bullish on Apple's prospects, particularly regarding the potential for its services segment, upgrading the stock to "hold" from "sell" and increasing his price target to $295 from its previous level of $225. It's worth noting that Apple stock is currently near $350. While Cote-Collison still believes macroeconomic conditions will act as a headwind, the services segment should continue to prosper.
Image source: Apple.
Source Fool.com
