Wedbush: Tech stocks should rise another 15% in 2H24

Lightshed Partners on Apple (AAPL): 'Satellites Mean More To The iPhone Upgrade Cycle Than AI'

Lightshed Partners on Apple (NASDAQ: AAPL): 'Satellites Mean More To The iPhone Upgrade Cycle Than AI'

The analyst comments "I have been using my iPhone to iMessage over a satellite and its performing better than I expected. Consumers may utilize this new functionality much... More

Evercore ISI on Apple (AAPL): 'Solid quarter out of the App Store at 13% growth'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "App Store revenue grew +12% in June, a slight step down from the 15% rate in May as comps got more challenging. This brings the Jun-qtr growth rate to 13%, which could support upside to current Street... More

Despite discounting in China, iPhones lost share in May, US weak: UBS

Despite heavy discounting during China's "618" shopping festival, UBS analysts warned that Apple (NASDAQ: AAPL) iPhone sales continue to struggle.

"iPhone 'sell-through' remained soft, declining 2% YoY (Source: Counterpoint)," the bank's note reads, marking the fifth consecutive month of year-over-year decline.

The weakness wasn't limited to China. "The US was weak despite an easy comp," UBS highlights. US sales reportedly fell a significant 16% year-over-year. Europe offered a rare bright... More

Nvidia 'remains the most compelling narrative in the AI semis space'

The NVIDIA (NASDAQ: NVDA) stock price target was lifted to $144 from $116 by analysts at Morgan Stanley in a note Monday, with the bank maintaining an Overweight rating on the stock.

Morgan Stanley said it is raising the target for the semiconductor company's shares following positive data points in Asia.

"We had positive data points from both our Taiwan... More