Apple set to post rare revenue drop as focus shifts to demand rebound
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Evercore ISI Removes Apple (AAPL) From Tactical Outperform List
February 3, 2023 11:30 AM ESTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "We are removing AAPL from the Tactical Outperform list as the potential catalyst for our call took place yesterday during their earnings print. AAPL reported Dec-qtr results of $117B/1.88 vs. street at $124B/1.95 with sales declining 5% y/y due to headwinds from f/x (~800bps), production... More
Apple (AAPL) fundamentals have deteriorated further, argues analyst
February 2, 2023 2:32 PM ESTLynx Equity Strategies cut its price target on iPhone maker Apple (NASDAQ: AAPL) to $110 in a note to clients on Thursday, ahead of its earnings release after the close.
Lynx analyst KC Rajkumar told investors that expectations will "ratchet down" as 2023/24 comes into focus. The analyst also noted that earlier last month, Apple shares hit its previous Street low price target of $125 per share, set back in July.
"Over... More
