Apple (AAPL) Outlook In-Line with Buyside Expectations - RBC Capital

Apple (AAPL) Shares Near August Low

January 27, 2016 3:30 PM EST

Apple (NASDAQ: AAPL) declined Wednesday following the release of Q1 results. Broader markets weakness and lackluster results put the stock within striking distance $92, the intraday low from August 24, 2015.

... More

Goldman Sachs Keeps Top Rating on Apple (AAPL) Highlighting Massive 1B Installed Base

January 27, 2016 9:16 AM EST

Goldman Sachs analyst Simona Jankowski reiterated a Conviction Buy List rating and $155 price target on Apple (NASDAQ: AAPL) following results after the close. The analyst views the guidance as better than feared and highlights that the installed base is up 25% year-over-year.

Jankowski said they remain buyers of the stock with two key takeaways:

1) March qtr iPhone units were implied at 52mn or better, above... More

Apple (AAPL) Results, Guidance 'Consistent' with Canaccord Genuity Estimates - Analyst

January 27, 2016 8:15 AM EST

Canaccord Genuity analyst T. Michael Walkley maintained a Buy rating and $146 price target on Apple (NASDAQ: AAPL) saying results and guidance were consistent with their estimates.

Walkley commented: "With emerging market currencies down double digits year-over-year versus the U.S. dollar and Apple increasing relative pricing in several markets, Apple reported solid Q1/F16 results in line with our estimates driven by strong iPhone sales and continued growth in services. In fact, Apple sales would have grown 8% year-over-year in constant... More

Apple (AAPL) Investors Should Focus on 2017 FCF - Wells Fargo

January 27, 2016 8:10 AM EST

Wells Fargo analyst, Maynard Um, is looking through Apple (NASDAQ: AAPL) results over the next 6 months to focus on Free Cash Flow in 2017. Today, shares are trading at a discounted multiple of 2017 FCF that should expand by 30% as the iPhone 7 product cycle approaches.

Implied iPhone units in the low/mid-50M, were... More

Apple (AAPL) PT Lowered to $135 at Nomura

January 27, 2016 7:50 AM EST

Nomura Securities analyst Jeffrey Kvaal reiterated a Buy rating on Apple (NASDAQ: AAPL) while lowering estimate sand his price target to $135.00 (from $145.00).

Kvaal commented, "Apple highlighted, repeatedly and perhaps excessively, macro and FX headwinds are pressuring March iPhone units. Our estimates and target... More

Drexel Hamilton's White Sees Buying Opportunity in Apple (AAPL) Ahead of Next Upgrade Cycle

January 27, 2016 7:27 AM EST

Drexel Hamilton analyst Brian White maintained his Buy rating and $200 price target on Apple (NASDAQ: AAPL) following Q1 results and lackluster guidance. The analyst said the reset ahead of the next iPhone cycle presents and attractive buying opportunity.

White highlighted:

Given the iPhone weakness in the late stages of this 6-Series and growing macro economic weakness around the world, it is not surprising that Apple's 2Q:FY16 outlook was soft but still within the range that we believe the market had thought was possible.As such, we believe... More

Apple (AAPL) Band-Aid Ripped Off, Cutting PT - FBR Capital

January 27, 2016 7:13 AM EST

FBR Capital analyst, Dan Ives, believes that Apple (NASDAQ: AAPL) hit the street's iPhone bogey but reduced his $150 PT to $130. The analyst believes that wearables could be the silver bullet for the company. He expects a second iWatch version to be released in March that "can start to move consumers toward this new avenue of technology growth and drive adoption... More

Apple (AAPL) PT Lowered to $120 at UBS; 'Buy' Maintained

January 27, 2016 6:58 AM EST

UBS analyst Steven Milunovich maintained a Buy rating on Apple (NASDAQ: AAPL) but lowered estimates and his price target to $120.00 (from $130.00). Milunovich called the quarter 'solid' but the guidance 'light'.

Milunovich commented, "Apple made good on its prediction of iPhone unit growth and slightly... More

Piper Jaffray's Munster Trims PT on Apple (AAPL) to $172; Keeps 'Overweight'

January 27, 2016 6:47 AM EST

Piper Jaffray analyst Gene Munster maintained an Overweight rating but lowered his price target on Apple (NASDAQ: AAPL) to $172.00 (from $179.00) following Q1 results. The analyst said the guidance implies iPhones better than expected.

Munster commented, "Shares of AAPL are trading down ~3% in the aftermarket despite the company... More

Credit Suisse Lowers Estimates on Apple (AAPL) Post Q1; Keeps 'Outperform', $140 PT

January 27, 2016 6:39 AM EST

Credit Suisse analyst K. Garcha lowered estimates but maintained an Outperform rating and $140 price target on Apple (NASDAQ: AAPL) post Q1.

Garcha commented, "We maintain our Outperform rating, and adjust our EPS estimates to $8.92/$10.20. After much market speculation, Apple finally... More

Apple (AAPL) PT Cut $20 to $120 at Stifel Post Q1

January 27, 2016 6:32 AM EST

Stifel analyst Aaron Rakers reiterated a Buy rating on Apple (NASDAQ: AAPL) but lowered his price target to $120.00 (from $140.00) following Q1 results after the close.

Rakers commented: "Investors are now left to balance Apples weaker F2Q16 (Mar 16 see below) outlook against already... More

Apple (AAPL) PT Trimmed to $130 at BMO Capital

January 27, 2016 6:30 AM EST

BMO Capital analyst Tim Long reiterated an Outperform on Apple (NASDAQ: AAPL) but trimmed his price target to $130.00 (from $133.00) following results after the close.

The analyst called the results Neutral. "iPhone guidance implies a big drop for the first time ever for... More

Oppenheimer Maintains Bullish View on Apple (AAPL) Following Q1; 'Patience Will Be Rewarded'

January 27, 2016 6:23 AM EST

Oppenheimer analyst Andrew Uerkwitz maintained an Outperform rating and $120 price target on Apple (NASDAQ: AAPL) following earnings after the close. They believe investors' patience will be rewarded, as Apple transitions to a recurring revenue-based model.

Uerkwitz commented, "Apple's December revenues and net profit broke... More

Apple (AAPL) Tops Q1 EPS by 5c; Guides Q2 Revs Below the Street

January 26, 2016 4:31 PM EST

(Updated - January 26, 2016 4:37 PM EST)

Apple (NASDAQ: AAPL) reported Q1 EPS of $3.28, $0.05 better than the analyst estimate of $3.23. Revenue for the quarter came in at $75.9 billion versus the consensus estimate of $76.59 billion.

Gross margin was 40.1 percent, essentially in-line with the Street.

The company sold 74.78 million iPhones in the quarter,... More