Shulou(Shulou.com)11/24 Report--

CTOnews.com, January 24 (Xinhua)-- Apple will release results for the first quarter of fiscal 2023 (that is, the fourth quarter of last year) on February 2. UBS and Deutsche Bank continue to emphasize their buy ratings on Apple's share price ahead of the official announcement.

In a report released today by UBS, analyst David Vogt (David Vogt) maintained his "buy" rating on Apple and said Apple had a target price of $180 a share.

He also pointed out that when he decided to lower his estimate of supply chain problems earlier, he did not take into account the weakness of the dollar.

Deutsche Bank previously raised its "buy" rating for Apple. Analyst Sidney Ho lowered his target price for the stock to $160 from $170, although he said he expected Apple's first-quarter results to meet or slightly exceed his expectations.

He pointed out that since Apple announced the delayed launch of the iPhone 14 Pro model in November last year, supply restrictions have improved, and the stock's risk / return has been positive after the recent fall in its share price.

CTOnews.com inquired about Apple's share price on Monday and found that it rose $3.24 (+ 2.35%) to close at $141.11.

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