Clear iPhone Inventory Tees Up Apple's (AAPL) 2nd-Half - Nomura

Apple (AAPL) Estimates Lifted at Credit Suisse

July 27, 2016 7:57 AM EDT

Credit Suisse analyst K. Garcha reiterated an Outperform rating and $150 price target on Apple (NASDAQ: AAPL) while bumping estimates higher.

Garcha commented, "Apple reported F3Q16 slightly better than expected results with revenues of $42.4bn (-16.2% qoq/-14.6% yoy) and EPS of $1.42 vs.... More

Apple (AAPL): The Worst is Behind Us - Needham & Company

July 27, 2016 6:58 AM EDT

Needham & Company analyst Laura Martin reiterated a Strong Buy rating and $150 price target on Apple (NASDAQ: AAPL) following Q3 results, proclaiming 'the worst is behind us'.

Martin commented, "AAPL reported FY3Q16 revenue of $42.358B (down 15% y/y), and EPS of $1.42 (down 23% y/y). Both were in line with our estimates. AAPLs fundamentals momentum should improve in FY4Q16 owing to the introduction of the iPhone 7, plus $400mm (our estimate) of Pokemon Go revenue at 100% margins, which we believe will allow faster EPS growth than guidance. AAPLs FY1Q17 should benefit from... More

Raymond James Upgrades Apple (AAPL) to Outperform

July 27, 2016 6:36 AM EDT

Raymond James upgraded Apple (NASDAQ: AAPL) from Market Perform to Outperform with a price target of $129.00.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $96.67 yesterday.

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With Worries Abated, Apple (AAPL) Works Higher into iPhone 7 - RBC

July 27, 2016 6:32 AM EDT

RBC Capital analyst Amit Daryanani reiterated an Outperform rating and $115 price target on Apple (NASDAQ: AAPL) after beating low expectations.

Daryanani commented, "AAPL reacted positively to a modest beat and raise as investors gained comfort that FTM estimates aren't heading any... More

Apple (AAPL) PT Bumped to $115 at Macquarie Following Better-than-Expected Qtr, Outlook

July 27, 2016 6:23 AM EDT

Macquarie analyst Ben Schachter affirmed his Outperform rating and bumped his price target on Apple (NASDAQ: AAPL) to $115.00 (from $112.00) following better than expected results and guidance, driven by iPhone and Services.

Schachter commented, "We continue to focus on Services, particularly Apps, as we think it is still underappreciated by investors. In fact, we believe that the Services line contributed approximately 28% of gross profits in the quarter. With App Store sales growth of 37% y/y... More

Toughest Two Quarters Now Behind Apple (AAPL) - Mizuho

July 27, 2016 6:19 AM EDT

Mizuho Securities analyst Abhey Lamba reiterated a Buy rating and $120 price target on Apple (NASDAQ: AAPL) following in-line F3Q revenues while EPS was modestly better.

Lamba commented, "iPhone units were in-line with consensus while ASP was lower due to inventory... More

Apple sells more iPhones than expected, shares jump after hours

July 26, 2016 4:32 PM EDT

By Julia Love and Anya George Tharakan

(Reuters) - Apple Inc (NASDAQ: AAPL) sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.

Its shares rose 7 percent in after-hours trading.

The world's most valuable publicly traded company said it sold 40.4 million iPhones in the third quarter, down 15 percent from the year-ago quarter but slightly more than the average analyst forecast of 40.02 million, according to research firm... More

Apple (AAPL) Tops Q3 EPS by 4c; Issues Solid Outlook

July 26, 2016 4:31 PM EDT

Apple (NASDAQ: AAPL) reported Q3 EPS of $1.42, $0.04 better than the analyst estimate of $1.38. Revenue for the quarter came in at $42.4 billion versus the consensus estimate of $42.09 billion.

The company sold 40.399 million iPhones in the quarter versus the consensus of 40 million. The company sold 9.95... More