Piper Sandler ups Apple price target to $175, cites robust iPhone 12 demand

Ahead of Apple’s September 14 event, Piper Sandler has raised its Apple price target to $175 on strong demand for the current iPhone 12 lineup offsetting relatively low interest in the “iPhone 13.”

Credit: Andrew O'Hara, AppleInsiderCredit: Andrew O’Hara, AppleInsider

In a note to investors seen by AppleInsider, Piper Sandler analyst Harsh Kumar details the results of a recent survey of 1,000 U.S. cellular customers. According to the analyst, only 6% of those respondents said they planned on buying or upgrading to an “iPhone 13” in the fall or winter. However, the analyst sees this as a win for the current iPhone 12 models.

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