Benzinga | Jan 24, 2022 10:22AM EST

Here's Why Cowen Remains Optimistic On Apple

* Cowen analyst Krish Sankar reiterated his Outperform rating on Apple Inc (NASDAQ:AAPL) and $180 price target, suggesting an upside of 12.6%.

* Sankar expects Apple's Q1 results to be in line or above consensus despite the $6 billion impact of component shortages.

* Given the resilient iPhone and Mac demand, he sees Apple as a high-quality flight to safety name to own during market volatility.

* Price Action: AAPL shares traded lower by 1.61% at $159.79 in the premarket session on the last check Monday.