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Apple (AAPL) earnings preview: AI, not iPhone, to the rescue?
April 22, 2024 10:00 AM EDTWith Apple (NASDAQ: AAPL) set to report its latest earnings on May 2, analysts at Morgan Stanley, Wells Fargo and Goldman Sachs have provided investors with their thoughts on the release.
Morgan Stanley cut its price target for the iPhone maker's shares to $210 from $220 in a note, maintaining an Overweight rating on the stock. Despite the price target reduction, the investment bank expects Apple to "slightly beat" March quarter expectations driven by stable product demand and... More
