Citi downgrades tech stocks as its flagship indicator signals 'euphoria' levels

Evercore ISI on Apple (AAPL) App Store Update: 'Deceleration Less than Feared'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "App Store revenue grew +13% in the month of March with continued growth across all categories. This brings the quarterly growth rate to 13%, which could indicate some potential upside to Apples guidance for 11% Services growth in the Mar-qtr. The 13% growth rate in March is a... More

Evercore: 'We continue to think Apple (AAPL) becomes an AI winner'

Analysts at Evercore ISIS continue to believe that Apple (NASDAQ: AAPL) will become an AI winner. The firm maintained an Outperform rating and $220 price target on the stock in a note on Tuesday.

The firm said Apple researchers published a paper yesterday that detailed Apple's latest AI innovation, ReALM (Reference Resolution As Language... More

Evercore ISI on Apple (AAPL): 'We continue to think Apple becomes an AI winner...'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "ALL YOU NEED TO KNOW: Researchers at Apple published a paper yesterday that detailed Apples latest AI innovation dubbed ReALM (Reference Resolution As Language Modeling). Apple has indicated that its smaller ReALM models performed similarly to... More

Amazon (AMZN) Big Spring Sale event 'likely had limited impact on 1Q'

In a note Tuesday, JMP Securities analysts told investors that Amazon's (NASDAQ: AMZN) Big Spring Sale event likely had little impact on the company's first-quarter numbers.

The firm, which maintained a Market Outperform rating and a $225 price
target on Amazon revealed... More

Morgan Stanley on Microsoft (MSFT): 'Unbundling Teams is unlikely to change the O365 commercial growth trajectory'

Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $465.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "Our Take - No Meaningful Change to Microsoft O365 Momentum, Still Benefitting from Consolidation Theme. Unbundling of Teams is unlikely to change much on O365... More

Amazon (AMZN) added to Wells Fargo Q2 Tactical Ideas List

Wells Fargo added Amazon (NASDAQ: AMZN) to its second quarter 2024 Tactical Ideas List in a note Monday previewing the company's first-quarter results. The firm maintained an Overweight rating on the stock, raising the price target to $217 from $211.

The firm sees a... More

Apple (AAPL) PT Lowered to $170 at Loop Capital, 'Demand, Competition and ASPs Takes Another Bite'

(Updated - April 1, 2024 7:31 AM EDT)

Loop Capital analyst Ananda Baruah lowered the price target on Apple (NASDAQ: AAPL) to $170.00 (from $185.00) while maintaining a Hold rating.

The analyst comments "Reducing our PT to $170 as were adjusting our AAPL estimates... More

Citi: European markets broadening again

Citi analysts said in a recent note that they continue to forecast broadening European market leadership over the medium term.

The view comes despite the fact that European markets have narrowed in the year-to-date.

"Broadening EPS growth is the key driver of our broadening call. Greater... More

Melius on Microsoft (MSFT): 'may own the most valuable AI real estate'

Melius analyst Ben Reitzes reiterated a Buy rating and $475.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "Microsoft may own the most valuable AI real estate: When looking at the adoption of Copilots (Microsofts various Generative AI productivity tools) - it's not about revenue right now. The initiative is really about creating the new computing interface for AI. About 200mm users... More

Amazon.com (AMZN) PT Raised to $217 at Wells Fargo, 'Adding to the Q2'24 Tactical Ideas List'

Wells Fargo analyst Ken Gawrelski raised the price target on Amazon.com (NASDAQ: AMZN) to $217.00 (from $211.00) while maintaining a Overweight rating.

The analyst comments "Maintain 1Q24 OI of $12.4B vs. Street $11.0B, raise 2Q OI to $14.5B (vs. Street $12.6B) and expect 2Q guide of $10.0-14.0B. Believe restructured FBA fees and cost externalization driven by FBA inventory placement fees will drive $1.2B of incremental OI vs. 1Q24. In addition to the FBA fee change, we expect... More