We're raising our Apple price target, seeing plenty of good despite the memory crunch knocks
It was a good but not great quarter as Apple worked to mitigate the memory shortage, which impacted the reported quarter and guidance.
Reported by 1 outlet — CNBC Top News. See all sources ↓
Analysts raised their price target for Apple stock. They said the recent quarter was good but not great. A memory chip shortage hurt Apple's results and its future guidance.
Why it matters
This shows how supply chain issues can affect even big tech companies. Investors watch Apple's performance as a sign of the broader tech market.
- Why did analysts raise Apple's price target?
- They see enough positive signs despite the memory shortage.
- How did the memory shortage affect Apple?
- It lowered the company's quarterly results and its outlook.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
All outlets (only CNBC) present the same view: a raised price target amid a decent quarter hampered by memory shortages.
- Coverage card1 outlet1CoverageScouting report
We're raising our Apple price target, seeing plenty of good despite the memory crunch knocks
Sources1TypeCoverageCNBC Top News