Apple stock has 30% upside in the next 12 months, says Deutsche BankDB says Apple's store traffic is around 40-50% of pre-pandemic levels.
What you need to know
Deutsche Bank says they see a 30% upside in Apple stock over the next 12 months.
Sidney Ho says that 5G smartphones like iPhone 12 haven't significantly changed the length of smartphone ownership.
The report also says Apple store traffic is around 40-50% of pre-pandemic levels.
A new report says that Deutsche Bank expects a 30% upside in Apple's share price over the next 12 months.
From TipRanks:
Deutsche Bank analyst Sidney Ho set out to find how the pandemic has affected Apple (AAPL), and particularly its flagship product – the iPhone...
According to Ho, the introduction of 5G into the iPhone 12, one of the best iPhones in recent memory, does not seem to have "significantly changed" the length of smartphone ownership. Ho does however expect the refresh cycle will accelerate once there is more 5G infrastructure.
According to the report, 57% of current iPhone users plan to ge...
Source:
Apple stock has 30% upside in the next 12 months, says Deutsche Bank
