Apple (AAPL) Bullish View Reiterated at BMO Capital Following Better iPhone Outlook Offset by Higher Costs
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Apple (AAPL) PT Raised to $135 at Brean Capital
October 26, 2016 9:33 AM EDTBrean Capital analyst Ananda Baruah reiterated a Buy rating and raised its price target on Apple (NASDAQ: AAPL) to $135.00 (from $125.00) following results.
Baruah commented, "AAPL Dec Q guidance suggests that not only are iPhone units continuing to gain strength (as... More
Apple (AAPL) Estimates Raised at Drexel Hamilton
October 26, 2016 8:46 AM EDTDrexel Hamilton analyst Brian White reiterated a Buy rating and $185 price target on Apple (NASDAQ: AAPL) following solid Q4 results and strong Q1 guidance. The firm slightly raised estimates following the print.
White highlighted:
Last night, Apple delivered a solid 4Q:FY16 performance and offered up a strong 1Q:FY17 outlook that has the company returning to revenue growth. We are slightly raising our EPS estimates and maintaining our 12-month price target at $185.00.Apple remains our top pick for H2:2016 given our view that the sales, profit and iPhone... MoreCowen Affirms Apple (AAPL) at 'Outperform'; Sees $135 PT as 'Conservative' Given Expected Multiples
October 26, 2016 7:25 AM EDTCowen and Company affirms Apple (Nasdaq: AAPL) at Outperform with a price target of $135 following Q4 results and outlook issued Tuesday night.
The firm commented on Wednesday: While there could be some minor hand wringing over GMs, AAPL is tightly managing supply but still nicely threaded the needle on guidance. From here, investors can now really start to focus on iPhone 10 being the flame in C2017 that lights the "powder keg" that is forming in the installed base. Target remains $135, but even this is very... More
Apple (AAPL): Price Drives Estimate Increases But Ests Stay Below Street - Oppenheimer
October 26, 2016 6:14 AM EDTOppenheimer analyst, Andrew Uerkwitz, reiterated his Perform rating on shares of Apple (NASDAQ: AAPL) after the company reported in-line F4Q16 results and provided mixed F1Q17 guidance.
The analyst stated: "It is hard to prove that the iPhone 7 cycle is... More
Stifel Downgrades Apple (AAPL) to Hold on Weak iPhone Sell-Thru, Lack of Upside Catalyst
October 26, 2016 6:13 AM EDTStifel downgraded Apple (NASDAQ: AAPL) from Buy to Hold with a price target of $115.00 (from $130.00) following Q4 results, citing weaker iPhone sell-thru and lack of upside catalyst.
Analyst Aaron C. Rakers commented, "We are downgrading to a Hold as we believe shares of Apple could remain range bound ($105-$120/sh.; 6-7x EV/EBITDA on C2018 estimates vs. 5-10x NTM historical 5-yr range) over the next 2-3 quarters until we / investors are able to garner greater... More
Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
October 25, 2016 4:31 PM EDT(Updated - October 25, 2016 4:34 PM EDT)
Apple (NASDAQ: AAPL) reported Q4 EPS of $1.67, $0.02 better than the analyst estimate of $1.65. Revenue for the quarter came in at $46.9 billion versus the consensus estimate of $46.89 billion.
The company sold 45.51 million iPhone units in the quarter, versus... More
