Apple (AAPL) PT Trimmed to $155 at Canaccord Genuity; Calls Results 'Solid'

FBN Trims PT on Apple (AAPL) to $150; Weak Watch, iPad Sales Offset Strong iPhone, China Performance

FBN Securities reaffirms Apple (Nasdaq: AAPL) at Outperform and moves its price target from $160 down to $150 following Q3 results reported after markets closed on Tuesday.

Analyst Shebly Seyrafi, CFA, noted that strong iPhone and China sales countered weaker iPad and Apple Watch sales.

Seyrafi commented, iPhone sales again were strong, with revenue of $31.4B... More

UBS Maintains Bullish Views on Apple (AAPL) Following 3Q15

UBS reiterated a Buy rating and $150.00 price target on Apple (NASDAQ: AAPL) following 3Q15. Analyst Steven Milunovich said that apart from a soft iPhone number of 47.5mn, APPL's quarter and outlook met consensus expectations. However, it is unclear if Sep guidance includes... More

Apple (AAPL) China Growth Story Remains Intact, FBR Capital; PT Trimmed to $175

FBR Capital analyst Daniel Ives trimmed his price target on Apple (NASDAQ: AAPL) to $175.00 (from $185.00) following results but maintained an Outperform rating. While not the number bulls were looking for the analyst said the China growth story remains intact.

Ives commented, "Last night, Apple delivered headline numbers modestly beating the Street but softer than bullish Street expectations on the heels of an in-line iPhone number. As Apple has become... More

Apple (AAPL) Shares Will be 'Challenged' as Results Fall Short of High Expectations - Deutsche Bank

Deutsche Bank maintained a Hold rating on Apple (NASDAQ: AAPL) with a price target of $125. Analyst Sherri Scribner commented on the stock following the release of Apple's Q3 results, noting difficultly the company is having meeting high Street expectations. Scribner also pointed out ongoing concerns about peaking smartphone market share.

"AAPL's F3Q-15 revenue, EPS, and GMs were above Street... More

Apple (AAPL) Value 'Fair' Despite Miss, Deutsche Bank Says

Deutsche Bank analyst Sherri Scribner reiterated a Hold rating and $125 price target on Apple (NASDAQ: AAPL) following Q3 results. The analyst noted it is getting hard to beat the bulls but said the valuation is fair despite the miss.

Scribner commented, "below investor... More

Jefferies Maintained Hold Rating on Apple (AAPL) Following 3Q Beat

Jefferies maintained a Hold rating and $135.00 price target on Apple (NASDAQ: AAPL) following 3Q beat. Analyst Sundeep Bajikar said that although the results beat street estimates, the results and guidance missed higher expectations. on top of that, Bajikar said that checks suggested that Apple is facing strong competition, on... More

Piper Jaffray's Munster Actually Raised His Price Target on Apple (AAPL) Post Q3

While investors are out selling shares of Apple (NASDAQ: AAPL) to the tune of -6% following Q3 results, Piper Jaffray analyst Gene Munster is out singing a different tune and actually raised his price target to $172.00 (from $162.00) following the results.

Munster commented,... More

Apple (AAPL) Has Limited Downside, Says Pacific Crest

Pacific Crest maintained a Sector Weight rating on Apple (NASDAQ: AAPL) with a price target of $139. Shares declined after Apple reported disappointing Q3 results. In the view of analyst Andy Hargreaves, downside in the stock is limited.

"We see the risk/reward on AAPL as slightly positive. The stock may lack nearterm catalysts as investors digest the potential for iPhone units to decline... More

Apple (AAPL) Q3 Results 'Very Good' Versus 'Great' Expectations, BMO Capital Says

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $145 price target on Apple (NASDAQ: AAPL) following what they called "very good results" against high expectations. Bachman. They believe that buy-side expectations for iPhones were 50-52 million. The firm's published iPhone estimate for... More

Brean Capital Maintains Bullish View on Apple (AAPL) Post Q3; Street Numbers Materially Low Through ’17

Brean Capital analyst Ananda Baruah reiterated a Buy rating and $170 price target on Apple (NASDAQ: AAPL) following Q3 results, saying Apple should continue driving EPS upside despite softer than anticipated phones.

Baruah commented, "We reiterate our Buy rating and $170 TP (40% implied appreciation) as we continue to believe that Street numbers are materially low... More

Apple (AAPL) Results 'Solid', Susquehanna Says

Susquehanna analyst Chris Caso maintained a Positive rating and $155 price target on Apple (NASDAQ: AAPL), calling last night's report "solid" despite the 7% sell-off in the stock.

Caso commented, "AAPL reported what we consider to be a solid report, though some elements were below the more bullish estimates (ours included). Although there are many moving parts... More

Cowen Downgrades Apple (AAPL) to Market Perform; Indications of Reset in China Mounting

Cowen and Company is downgrading Apple (Nasdaq: AAPL) from Outperform to Market Perform and moves its price target from $140 to $130 following Q3 results and guidance issued Tuesday night.

Analyst Tim Arcuri noted that iPhone sales were light even when taking account channel inventory. The analyst sees widespread demand reset in China mounting.

Arcuri continued,... More

Apple (AAPL) Slammed on Ho-Hum Q3 EPS, Weaker iPhone and Watch Sales

iPhone giant Apple (NASDAQ: AAPL) is immediately trading off 7% after-hours Tuesday following third quarter results that were relatively in-line with Street estimates and iPhone and Watch units that missed the Street. The report did little to quell fears... More

Apple (AAPL) Tops Q3 EPS by 4c

(Updated - July 21, 2015 4:33 PM EDT)

Apple (NASDAQ: AAPL) reported Q3 EPS of $1.85, $0.04 better than the analyst estimate of $1.81. Revenue for the quarter came in at $49.6 billion versus the consensus estimate of $49.31 billion.

Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter.

International sales accounted for 64 percent of the quarters... More