Apple shares to rise 20% on valuable ecosystem and new products, Needham says: Upgrade to strong buy

Apple shares to rise 20% on valuable ecosystem and new products, Needham says: Upgrade to strong buy

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/03/21/needham-upgrades-apple-to-strong-buy-sees-20percent-rally-in-the-next-year.html

Apple was upgraded to strong buy from buy at Needham on Thursday, as the firm primarily sees Apple's ecosystem as having "value upside."

"We anticipate better than previously expected results from both Services and Wearables, Home and Accessories, as well as valuation upside created by falling churn and strong barriers to entry" for competitors, Needham analyst Laura Martin said in a note to investors.