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Benzinga

Business

Anusuya Lahiri

Here's Why Cowen Remains Optimistic On Apple

Apple Cowen AAPL

Cowen analyst Krish Sankar reiterated his Outperform rating on Apple Inc (NASDAQ:AAPL) and $180 price target, suggesting an upside of 12.6%.
Sankar expects Apple's Q1 results to be in line or above consensus despite the $6 billion impact of component shortages.
Given the resilient iPhone and Mac demand, he sees Apple as a high-quality flight to safety name to own during market volatility.
Price Action: AAPL shares traded lower by 1.61% at $159.79 in the premarket session on the last check Monday.

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