Apple Asian suppliers skittish as markets brace for weak iPhone sales, AI news
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Apple (AAPL) PT Raised to $230 at BofA Securities, 'many positive catalysts ahead'
May 3, 2024 9:32 AM EDTBofA Securities analyst Wamsi Mohan raised the price target on Apple (NASDAQ: AAPL) to $230.00 (from $225.00) while maintaining a Buy rating.
The analyst comments "The thesis for our upgrade to Buy earlier this year (see our note) is playing out with: (1) strong multi-year... More
Evercore ISI on Apple (AAPL): 'Making Apple Great Again. Maintain TOP PICK'
May 3, 2024 6:20 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "AAPL reported better than expected set of numbers and crucially their commentary was much better than buyside fears. Stock should work higher from here as compares get easier, catalysts add up and AAPL executes on AI in a more capital efficient manner vs. other tech companies. March-qtr print came in at $90.8B/1.53 vs. street at $90.4B/1.51 as... More
Goldman Sachs Comments on Apple (AAPL)
May 3, 2024 6:04 AM EDTGoldman Sachs analyst Michael Ng reiterated a Buy rating and $226.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "AAPL's F2Q24 EPS of $1.53 and revenue of $90.8 bn was in-line with our expectations, but beat consensus, largely on Services gross profit and other income. We gain confidence in our Buy rating with AAPL... More
Apple (AAPL) PT Raised to $196 at Rosenblatt
May 3, 2024 5:46 AM EDTRosenblatt analyst Barton Crockett raised the price target on Apple (NASDAQ: AAPL) to $196.00 (from $189.00) while maintaining a Neutral rating.
The analyst comments "June Quarter Fears Beaten Back -- Apple also brushed aside Street concerns that the June quarter was pacing for a... More
Citi on Apple (AAPL) Earnings
May 3, 2024 5:32 AM EDTCiti analyst Atif Malik reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "AAPL stock was +6% after hours on a relief rally as modest 2c Mar-Q beat and LSD Jun-Q growth or $83B+ revenue. iPhone sales were... More
Tech analyst explains why he is long Apple stock into earnings
May 2, 2024 12:23 PM EDTA Lynx Equity Strategies analyst is long into Apple's (NASDAQ: AAPL) earnings release after the close today, stating he believes the iPhone maker is "the next idea to be discovered."
In a recent note, the analyst addresses concerns surrounding iPhone sales, attributing recent weakness to temporary production disruptions rather than systemic issues. They project a 3% increase in... More
