Apple (AAPL) Bullish Stance Reiterated at Canaccord Genuity Amid Q3 Results, Upcoming iPhone Refresh
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With Pesky Q3 Results Out of the Way, All Eyes Focus on Apple (AAPL) iPhone Refresh and All-Time Highs
July 23, 2014 12:34 PM EDTDespite seemingly ho-hum third quarter results after the close, shares of Apple (NASDAQ: AAPL) are jumping 3% in mid-day trading Wednesday as investors look to bigger and better things.
Namely, with the results in the rear view mirror, investors will now narrowly focus on the upcoming... More
Apple (AAPL) PT Bumped to $98 at BofA/Merrill Lynch
July 23, 2014 9:32 AM EDTBofA/Merrill Lynch analyst Scott Craig Neutral bumped his price target on Apple (NASDAQ: AAPL) to $98.00 (from $95.00) following solid Q3 results/guidance and ahead of the iPhone refresh.
"We believe F3Q14 held very little in the way of surprises... and F4Q14... More
Apple (AAPL) PT Bumped at Nomura on 'Clean' Q3 Ahead of iPhone Refresh
July 23, 2014 8:52 AM EDTNomura Securities Neutral Apple (NASDAQ: AAPL) price target of $95.00 (from $88.71) on 'clean' Q3 results ahead of the iPhone refresh.
Analyst Stuart Jeffrey commented, "Apple guided for 37-38% gross margins for the September quarter, in line with consensus. This guidance provides some... More
Apple's (AAPL) Q3 Called Mixed at Goldman Sachs, but Results Overshadowed by New Products
July 23, 2014 8:42 AM EDTGoldman Sachs maintained a Buy rating on Apple (NASDAQ: AAPL) with a price target of $107. Analyst Bill Shope described its Q3 as "mixed."
"Wed characterize the overall results as mixed. While we believe the guidance included a modest contribution from the upcoming... More
Apple (AAPL) Bullish View Reiterated at Citi Following Q3 Results; Device Acceleration On The Horizon
July 23, 2014 8:41 AM EDTCiti analyst Jim Suva reiterated a Buy rating and $110 price target on Apple (NASDAQ: AAPL) following Q3 results. The analyst notes device acceleration is on the horizon with the largest ever iPhone 6 launch and new carrier behavior.
Suva comments, "We reiterate our Device Acceleration theme based on our view that the upcoming iPhone 6 will not only be the largest launch ever but also Apple's installed base of... More
Apple (AAPL) Price Target Raised to $123 at Cantor Fitzgerald
July 23, 2014 8:37 AM EDTCantor Fitzgerald maintained a Buy rating on Apple (NASDAQ: AAPL) and raised its price target to $123.00 (from $111.00).
Analyst Brian J. White said, "In our view, Apple executed very well during what is typically a seasonally soft June quarter and provided a good enough... More
Apple (AAPL) Q3 Showed Encouraging Resilience, Susquehanna Says; Waiting for Very Strong iPhone 6 Product Cycle
July 23, 2014 6:47 AM EDTSusquehanna Chris Caso reiterated a Positive rating and $115 price target on Apple (NASDAQ: AAPL) following Q3 results.
Caso commented, "AAPL's report demonstrated encouraging resilience given that this represents the transition quarter between product launches. While revenue was slightly below expectations (mainly driven by iPad), margins were significantly... More
Cowen Lifts Target on Apple (AAPL) to $106; Market Setting Up for Strong iPhone 6 Launch
July 23, 2014 6:37 AM EDTCowen and Company lifts its price target on Apple (Nasdaq: AAPL) from $102 to $106 and affirms that stock at Outperform following Q3 results.
Analyst Timothy Arcuri noted Apple's EPS and revenue topped his expectations. iPhone unit shipments of 35.2MM (+13% Y/Y) were in-line with our 35.0MM estimate, as... More
Apple (AAPL) PT Raised to $106 at BMO Capital
July 23, 2014 6:36 AM EDTBMO Capital analyst Keith Bachman reiterated an Outperform rating on Apple (NASDAQ: AAPL) and boosted his price target to $106.00 (from $98.00) following Q3 results.
Bachman commented, "As we had previewed, upside in the June quarter gross margins helped alleviate the expected q/q decline in the September-quarter gross margins vs. published... More
Apple, Inc. (AAPL) Tops Q3 EPS by 5c, Sales Light
July 22, 2014 4:30 PM EDT(Updated - July 22, 2014 4:34 PM EDT)
Apple, Inc. (NASDAQ: AAPL) reported Q3 EPS of $1.28, $0.05 better than the analyst estimate of $1.23. Revenue for the quarter came in at $37.4 billion versus the consensus estimate of $37.99 billion.
Our record... More