Zhitong Finance APP learned that,CitigroupBanks raised their expectations after citing strong demand for PCs, smartphones and wearables in end marketsAppleThe company's (AAPL.US) valuation maintains a "buy" rating with a target stock price of $170.
Analyst Jim Suva believes AirTags have also brought significant benefits to Apple, and the high-margin sales of Apple accessories have also been boosted with the launch of the tech giant's "world-class marketing". Suva told investors in a research note that even taking into account the $3 billion to $4 billion impact of declining chip availability in the June quarter, consensus expectations are still too low.
In addition, Citigroup estimates Apple's fiscal 21 earnings per share of $5.33, compared with the previous estimate of $5.18 and the market consensus estimate of $5.17. In addition, the bank's profit forecast for Apple's 2022 and 2023 fiscal years has also increased.