2022 has kicked off marked by uncertainty everywhere. Continuing 2021’s worrying themes - covid, inflation and supply chain bottlenecks are all still hogging the headlines. Against this backdrop - specifically the current inflationary environment – Deutsche Bank’s Sidney Ho thinks investors will flee to quality. And where better to turn to than the world’s largest company by market cap - Apple (AAPL). In fact, considering the “healthy demand and strong product portfolio,” the 5-star analyst thinks the Street is being overly conservative with its revenue outlook for the tech giant. Wall Street is factoring in revenue growth of just +5% in CY22.
https://www.tipranks.com/news/article/apple-healthy-demand-merits-a-price-target-hike-according-to-this-analyst?utm_source=advfn.com&utm_medium=referral