Apple’s announcements yesterday about the future of its software platforms iOS, macOS, watchOS and tvOS have left a variety of Wall Street analysts optimistic about the company’s future.
Drexel Hamilton LLC’s Brian J. White is especially bullish, according to Bloomberg; applying an outperform rating and $185 price target on Apple, he remarked: “We find it virtually impossible for Android-based competitors to ever create a digital matrix that rivals ‘Planet Apple.'”
Meanwhile, analyst Tony Sacconaghi of Sanford C Bernstein & Co. has cited “a notably improved level of software and services integration within and across Apple’s hardware products, which we believe will genuinely improve the Apple user experience and strengthen platform loyalty”.
The Apple Watch improvements, such as the shortened loading times for apps, came in for particular praise from Bmo Capital Markets’ Ltd.’s Tim Long and Raymond James & Associates Inc.’s Tavis McCourt and Mike Koban.
Cowen & Co LLC’s Timothy Arcuri declared that the WWDC opening keynote “highlighted even more seamless integration across AAPL devices/platforms to further bolster the allure/stickiness of the ecosystem.” He has rated Apple outperform, with a price target of $125.
