Analyst: Apple Investors Need This Confidence-Booster
According to the analyst, investors think iPhone growth is flattening out and don’t believe the company has a “next big thing.”
CHEAT SHEET Analysis: Catalysts for a Stock’s Movement
One of the core components of our CHEAT SHEET investing framework focuses on the factors that could affect a company’s stock. Reitzes, who has an Overweight rating on the iPhone maker and an $800 price target, clearly has answers for the company, since his note is titled: “Perhaps Excitement around a TV Could Get Apple out of its Recent Funk?”
According to the analyst, the next calendar year will see Apple make a more thoughtful TV effort with several standout features, but he also has an interesting take on it. “In our opinion, any move by Apple further into television will be led by differentiated services and software with an integrated ecosystem, not by hardware,” the analyst writes. Apple will explore a new service that “integrates iOS, iCloud, iTunes, and more content that would bring customers a new experience around a TV-like device.”
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