CAT 
Despite an earnings beat for Q1 2024, Piper Sandler believes the iPhone will see continued headwinds leading to a challenging March quarter.
iPhone 15 Pro
iPhone 15 Pro
Apple beat Wall Street’s expectations with $119.58 billion in revenue for Q1 2024. Even iPhone revenue was up year-over-year after a slump in 2023, but market headwinds continue to concern investors.
In a note seen by AppleInsider, investment firm Piper Sandler has set a neutral rating for Apple. Also, it has reduced the price target to $190 from $205.
Go Here to Read this Fast! Piper Sandler sees tough March ahead for Apple, remains neutral
Originally appeared here:
Piper Sandler sees tough March ahead for Apple, remains neutral
