Jan 28, 2021 11:09 PM (GMT+8) · EqualOcean
Morgan Stanley maintained Apple's outperforming rating and raised its target price to $164 from $152. Analysts said that the broad recovery of revenue in Greater China region showed the continuous growth of participation and market share; Piper Sandler gave apple a super configuration rating and raised the target price from $135 to $160. Analysts stressed that all categories of revenue achieved double-digit growth, especially the iPhone's revenue increased by 17% year-on-year, which indicated that the iPhone's revenue was growing rapidly 12 strong demand; evercore gave apple a outperforming rating, raising its target price from $160 to $163, and analysts said there was potential room for gross margin to rise.

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