Rosenblatt cuts AAPL target to $165 on iPhone production & economic situation

While retaining its advice to buy Apple stock, Rosenblatt Securities has reduced its target price by $24, citing iPhone production delays and “macro services headwinds.”

In a note to investors seen by AppleInsider, the firm once again surveyed over 1,000 US adults to gauge how many had already bought an iPhone 14, or were considering it. A similar survey in September 2022 about the iPhone 14 Pro Max and the Apple Watch Ultra saw the company raise its price target to $189.However, its latest survey sees a drop in interest.

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