UBS Keeps $210 Target on Apple (AAPL) - China Still Key in Supply Chain

Apple Inc. (NASDAQ:AAPL) is one of the Top 10 AI Stocks in the Spotlight. On July 3, UBS analyst David Vogt reiterated a “Neutral” rating on the stock with a $210.00 price target.

“According to press reports, the US has announced it signed a trade deal with Vietnam. Although Vietnam has been a key region for supply chain investment, the scale and scope of the offerings in the country relative to China is small."

An Apple store displaying the latest in consumer electronics, from smartphones to wearables. "Based on our analysis of Apple’s supply chain China mainland remains the largest region representing over 35% of the total discrete locations in the supply chain while an estimated 35 Apple suppliers operate roughly 38 locations in Vietnam or roughly 5% of Apple’s supply chain footprint by location with material assets in Bac Giang, Bac Ninh, Hai Phong, Phu Tho, and Vinh Puch.”

Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks.

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