Apple’s price target lowered ahead of Q1 earnings


With Apple set to announce its Q1 earnings next week, analyst Tom Forte of DA Davidson has reduced his price target for the tech giant from $260 to $245 in the fear that the sentiment from Apple’s suppliers will lead to fewer iPhone sales. Beyond the December quarter, Forte is still keeping a Buy rating on the company due to the potentially high volume of sales of newer products such as the Apple Watch and the HomePod.