Connect with us

Hi, what are you looking for?


Apple shares are on their way to $200: Credit Suisse

Apple Inc (NASDAQ: AAPL) has already bounced more than 30% off its low in mid-June but a Credit Suisse analyst says it’s a roller coaster that only goes up.

Apple shares have another 15% upside from here

The multinational has an installed base of nearly 2.0 billion that, as per Shannon Cross, helps accelerate the adoption of its high-margin software and services business. In a note to clients, she said:

We estimate gross margin will continue to trend around 43% with inflation and currency headwinds offset by higher services revenue (growing double digits) and vertical integration of components.

In its latest reported quarter, services revenue was up 12% on a year-over-year basis.

On Wednesday, therefore, Cross upgraded Apple shares to “outperform” and raised her price objective to $201 that represents another 15% upside from here.

Joe Terranova agrees with the bullish call

The Credit Suisse analyst also likes “AAPL” for consistent and, more importantly, lucrative shareholder returns. In 2021, the iPhone maker spent $100 billion on dividend payments and stock buybacks.

Its fortress of a balance sheet, she added, leaves the door wide open for organic investments and M&A for accelerated growth. Agreeing to the bullish call on CNBC’s “Halftime Report”, Virtus Investment Partners’ Joe Terranova said Apple shares were a great pick for the economic downturn that’s coming.

It’s the perfect stock to own in an economic downturn. All of its financial metrics allow for resiliency and for investors to be rewarded for staying patient and invested in this name. It’s an unbelievable company.

The stock is now trading just below the price at which it started the year 2022.

The post Apple shares are on their way to $200: Credit Suisse appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...


    U.S. District Court Judge Reed O’Connor recently ruled to uphold the rights of employers granted in the Religious Freedom Restoration Act, rather than uphold...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023