Apple (AAPL) stock downgraded as analyst sees insufficient growth outlook, lack of catalysts
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Tigress Reiterates Strong Buy Rating on Apple (AAPL), 'near-term production headwinds create a long-term buying opportunity'
January 4, 2023 9:33 AM ESTTigress Financial Partners analyst Ivan Feinseth reiterated a Strong Buy rating and $210.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "
We reiterate our Strong Buy rating on AAPL and maintain our 12-month target of $210 as near-term production headwinds create a long-term buying opportunity, and its massive installed user base, increasing ecosystem, and growing Services revenue will continue to drive accelerating Business Performance trends, and greater shareholder value creation. While AAPL recently reported strong Q4 results, with Q4 revenue... More
Evercore ISI Defending Apple (AAPL): 'Is the Great Deceleration Over? Upside Ahead in 2023', PT $190
January 3, 2023 3:56 PM ESTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "The App Store reported its first month of growth since July with revenue up 0.2%. The improvement from -4% in November is encouraging and was largely driven by China inflecting from -12% last month to flat... More
Apple (AAPL): Services growth likely to accelerate from September quarter - Morgan Stanley
January 3, 2023 10:49 AM ESTMorgan Stanley analyst Erik Woodring has weighed in on Apples (NASDAQ: AAPL) Services business after the latest disclosures from Sensor Tower.
Based on this data, Morgan Stanley estimates that App Store net revenue increased 1% Y/Y in the month of... More
Apple (AAPL) stock drops 3% on report demand is weakening
January 3, 2023 10:17 AM ESTShares of Apple (NASDAQ: AAPL) are down more than 3% in Tuesday trading after Nikkei Assia reported that the Cupertino-tech titan notified suppliers that it expects weaker demand in Q1 for some of its hardware products.
Apple reportedly told its Asia-based suppliers to ship fewer components for AirPods,... More
Apple (AAPL) Hits Low, Down 2.6%
January 3, 2023 10:05 AM ESTApple (NASDAQ: AAPL) Hits Low, Down 2.6%
Apple (AAPL): Key iPhone plant in China almost back to full production - Reuters
January 3, 2023 6:29 AM ESTApple (NASDAQ: AAPL) stock is trading modestly higher in pre-market Tuesday after Reuters reported that the worlds largest iPhone plans it almost back to full production.
Foxconns factory in Zhengzhou city is now back to 90% of its full capacity.
"Production... More
