Tech giant Apple (NASDAQ:AAPL) has seen its share price surge nearly 40% so far this year and the company has been expanding its retail footprint with new outlet openings in India and Vietnam recently.
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Despite the steady show, Loop Capital’s Ananda Baruah has lowered the rating on Apple to a Hold from a Buy citing risk to the company’s top line in the June quarter. The company is anticipating lower shipments and the analyst now pegs the price target for the stock at $180.
At the same time, the Street continues to remain upbeat about the stock with a Strong Buy consensus rating alongside a $182.56 consensus price target. Further, today, Goldman Sachs’ analyst Mike Ng initiated coverage on the stock with a Hold rating.
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