Apple, ChargePoint and Dell fall premarket; GameStop rises
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Goldman Sachs on Apple (AAPL) and China: 'any direct impacts of the reported government ban should prove minimal'
September 11, 2023 9:28 AM EDTGoldman Sachs analyst Michael Ng reiterated a Conviction Buy rating and $222.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "According to the WSJ, the Chinese government ordered officials at certain government agencies and state-owned enterprises not to use foreign-branded devices including the iPhone for work or bring them into the... More
RBC Capital sees ChargePoint (CHPT) as ‘key beneficiary’ of EV adoption; initiates coverage at Outperform
September 8, 2023 8:52 AM EDTRBC Capital Markets has initiated coverage of ChargePoint Holdings (NYSE: CHPT) with an Outperform rating and a 12-month price target of $9.00 on the EV charging equipment company.
Analyst Chris Dendrinos wrote in a note, We believe the robust product portfolio, differentiated strategy, and asset-light business model position it to be a key beneficiary of positive secular trends in vehicle electrification and growing demand for charging infrastructure. Our positive outlook on the industry and favorable view of CHPTs... More
Citi Closes 90-Day Upside Catalyst Watch on Apple (AAPL)
September 8, 2023 4:47 AM EDTCiti analyst Atif Malik reiterated a Buy rating and $240.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "While we remain positive into iPhone 15 launch event on Sep 12th ($100-$200 price increases for Pro models + strong replacement cycle in iPhone 12 installed... More
CFRA is Bullish on Apple (AAPL), 'we expect the iPhone 15...to be superior to the Mate 60'
September 7, 2023 4:43 PM EDTCFRA analyst Angelo Zino reiterated a Buy rating and {REMOVEPT} price target on Apple (NASDAQ: AAPL).
The analyst comments "AAPL shares are being pressured on two concerns: 1) China seeking to broaden an iPhone ban to state firms/agencies; and 2) greater competitive pressures after a well-received launch... More
Evercore ISI reiterates Outperform as Apple (AAPL) contends with China related pressure
September 7, 2023 1:55 PM EDTEvercore ISI reiterated an Outperform rating on Apple Inc. (NASDAQ: AAPL) with a 12-month price target of $210.00.
In the past few days, Apple's stock has faced downward pressure due to ongoing geopolitical tensions between the United States and China. In a recent development, it was announced that the Chinese Communist Party (CCP) instructed employees against using... More
Evercore ISI Defending Apple (AAPL), Says China Related Weakness is More of a Headline Issue than Something Material
September 7, 2023 11:44 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $210.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Apple stock has been under pressure in recent days on the back of US/China geopolitical issues. Most recently, it was announced that the CCP told employees not to use Apple iPhones (or other... More
Chargepoint Holdings plunges on earnings miss, Citi says expectation reset could improve risk/reward into 2024
September 7, 2023 10:44 AM EDTChargepoint Holdings Inc. (NYSE: CHPT) shares plunged significantly on Thursday after the company missed second-quarter earnings and revenue expectations.
The electric vehicle infrastructure company reported a loss per share of $0.35, $0.22 worse than the analyst estimate of a loss of $0.13 per share after... More
B Riley sees earnings revisions ahead for Crocs (CROX), downgrades to neutral
September 7, 2023 10:12 AM EDTB Riley analyst Jeff Lick downgraded shares of Crocs (NASDAQ: CROX) to Neutral from Buy with a new price target of $101, down from $125, in a note Thursday.
Lick cited the company's "over-inventoried" footwear channel and slowing consumer sales cadence, resulting in likely second-half... More
Morgan Stanley are buyers of any Apple (AAPL) underperformance post iPhone 15 launch
September 7, 2023 8:57 AM EDTApple (NASDAQ: AAPL) iPhone revenue will grow year-on-year in FY24, according to Morgan Stanley's Erik Woodring in a note Thursday.
The analyst, who maintained an Overweight rating and $215 price target on the tech giant's shares, said despite concerns about a muted iPhone 15 cycle, they believe iPhone revenue will increase due to a growing installed... More
