Apple (AAPL) iPhone Growth Sustains Despite Worries, RBC Capital Notes

Apple (AAPL) Revenue Guidance 'a Source of Relief', BMO Capital Says

October 28, 2015 8:50 AM EDT

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $145 price target on Apple (NASDAQ: AAPL). While the analyst had expected weakness in revenue guidance, Applel's guide was only about 80 bps lower than consensus at the midpoint.

"Against a wall of worry created by the supply chain, we... More

Apple (AAPL) iPhone Growth Continues on China, Low Installed Base Penetration, and Android Switchers - Stifel

October 28, 2015 8:41 AM EDT

Stifel analyst Aaron Rakers reiterated a Buy rating and $150 price target on Apple (NASDAQ: AAPL) following Q4 results noting iPhone growth continues on China momentum, low installed base penetration and android switchers.

Rakers commented, "While concern over slowing / negative iPhone growth is likely... More

Apple (AAPL) Expected to Trade 'Range Bound' For Next Few Quarter - Deutsche Bank

October 28, 2015 8:34 AM EDT

Deutsche Bank maintained a Hold rating on Apple (NASDAQ: AAPL) with a price target of $125. Analyst Sherri Scribner said Q4 had some misses and some wins, but overall she continues to see valuation as fair. She also noted limited catalysts and said... More

Tough Comps Likely to Impact Apple (AAPL) Stock Performance, Mizuho Securities Says

October 28, 2015 8:28 AM EDT

Mizuho Securities analyst Abhey Lamba reiterated a Neutral rating and $125 price target on Apple (NASDAQ: AAPL) following Q4 results, noting iPhone unit outlook is in-line with the Street but tough compares will likely impact the stock performance.

Lamba commented, "Apple reported F4Q15... More

Apple (AAPL) 'Beat and Raise' Earnings Has Give Way to 'Holding Pattern', Cowen Comments

October 28, 2015 8:18 AM EDT

Cowen analyst Timothy Arcuri reiterated an Market Perform rating and $135 price target on Apple (NASDAQ: AAPL) following results. The analyst notes the company's 'beat and raise' earnings pattern has given way to a holding pattern.

Arcuri commented, "While headline guidance was... More

iPhone and China Drives Apple (AAPL) Growth, Macquarie Highlights

October 28, 2015 7:30 AM EDT

Macquarie analyst Ben Schachter affirmed his Outperform rating and $133 price target on Apple (NASDAQ: AAPL) after the company beat estimates after the close. The analyst was positive on iPhone and China growth.

Schachter commented, "iPhone and China growth were the key positives, as each drove... More

Apple (AAPL) 'Climbing the Great Wall of Worry', Drexel Hamilton Says

October 28, 2015 7:24 AM EDT

Drexel Hamilton analyst Brian White reiterated a Buy rating and $200 price target on Apple (NASDAQ: AAPL) following Q3 results, saying the company is effectively "climbing the wall of worry" with the iPhone super cycle intact.

White highlighted:

Up against a wall of worry heading into this report, Apple delivered Q4:FY15 results that beat our EPS estimate (and the Street) and provided a healthy 1Q:FY16 outlook with the company's trademark conservatism.Despite difficult YoY comparisons, the company expects iPhone growth in 1Q:FY16, while Apple fever continued... More

Wall Street climbs as Fed puts December rate hike in play

October 28, 2015 7:21 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks ended sharply higher on Wednesday after a volatile session as the Federal Reserve gave a vote of confidence in the U.S. economy by signaling a December interest rate hike was still on the table.

S&P financials, which benefit from higher borrowing rates, shot up following the Fed statement and led sector gains. The financial index ended up 2.4 percent, its biggest percentage gain in seven weeks. The KBW Nasdaq regional bank index jumped 4.1 percent.

S&P utilities , which tend to do worse when... More

Apple (AAPL) PT Trimmed to $140 at Credit Suisse Post Q4

October 28, 2015 7:21 AM EDT

Credit Suisse analyst K. Garcha reiterated an Outperform rating but trimmed its price target on Apple (NASDAQ: AAPL) to $140.00 (from $145.00) following Q4 results.

Garcha commented, "We maintain our Outperform rating, and slightly adjust our above consensus CY16 EPS estimates to $10.40. Given significant concerns... More

Apple (AAPL) PT Raised to $179 by Piper Jaffray's Munster; Share Gains Drive Outlook

October 28, 2015 6:58 AM EDT

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and bumped his price target on Apple (NASDAQ: AAPL) to $179.00 (from $172.00) following solid Q4 results and outlook. The analyst notes share gains drive the outlook for positive iPhone units.

Munster commented, "Apple guided Dec-15... More

Apple (AAPL) Raised to Overweight at Pacific Crest; Analyst Sees Long-Term Value

October 28, 2015 6:40 AM EDT

Pacific Crest upgraded Apple (NASDAQ: AAPL) from Sector Weight to Overweight with a price target of $142. The change follows Q4 results. Analyst Andy Hargreaves noted Apple's dominant smartphone position and attractive valuation, and he said long-term value offsets remaining near-term risk. Expectations are reduced and March is seen as a low point for growth.

"Apple's P/E... More

Apple (AAPL) Quarter/Guidance Given 'B+' at FBR Capital

October 28, 2015 6:38 AM EDT

FBR Capital analyst Daniel Ives reiterated an Outperform rating and $175 price target on Apple (NASDAQ: AAPL) following better-than-feared results.

Ives commented, "Heading into last night's FY4Q15 (September) results, Apple investors were bracing for the worst and hoping for the best, and they ultimately received a B+ quarter/ guide that was better than feared, in our opinion. With September results only including two days of the iPhone 6s launch,... More

iPhone Upgrade Programs Makes Apple (AAPL) Into a Subscription-Based Business, Oppenheimer Comments

October 28, 2015 6:31 AM EDT

Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and $155 price target on Apple (NASDAQ: AAPL) following Q4 results. The analyst highlighted the doubling of Greater China sales.

Uerkwitz commented, "Apple delivered a solid September quarter despite FX headwinds and macro concerns. Apple's 99% Y/Y sales growth in China and strong momentum in software/service revenues prove again... More

Apple (AAPL) Q4 Report/Outlook 'Somewhat Comforting', Susquehanna Says

October 28, 2015 6:22 AM EDT

Susquehanna analyst Chris Caso maintained a Positive rating and $155 price target on Apple (NASDAQ: AAPL) following Q4 results after the close. Caso said the report and guidance was "somewhat comforting amid reduced expectations heading into the quarter."

Caso commented, "AAPLs report and guidance was somewhat comforting amid reduced expectations heading into the quarter. Notably, the company does expect Y/Y iPhone revenue and unit growth in the December quarter despite last... More

Apple (AAPL) Tops Q4 EPS by 8c

October 27, 2015 4:30 PM EDT

(Updated - October 27, 2015 4:33 PM EDT)

Apple (NASDAQ: AAPL) reported Q4 EPS of $1.96, $0.08 better than the analyst estimate of $1.88. Revenue for the quarter came in at $51.5 billion versus the consensus estimate of $51.12 billion.

iPhone units were 48.05M compared to consensus of 48M, Mac units were 5.71M compared to expectations of 5.7M and iPad units were 9.9M versus... More