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Goldman Sachs on Apple (AAPL): 'US wireless carrier commentary mixed on iPhone upgrade outlook'
July 24, 2024 4:54 PM EDTGoldman Sachs analyst Michael Ng reiterated a Buy rating and $265.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "US wireless carrier commentary on the iPhone upgrade cycle is neutral to positive for iPhone demand and Apple (AAPL, Buy). First, US post-paid upgrade rates are at record-lows, which in our view should normalize higher in... More
Apple (AAPL) PT Raised to $265 at JPMorgan
July 24, 2024 5:16 AM EDTJPMorgan analyst Samik Chatterjee raised the price target on Apple (NASDAQ: AAPL) to $265.00 (from $245.00) while maintaining a Overweight rating.
The analyst comments "We are establishing a December 2025 price target of $265 relative to prior December 2024 price target of $245 heading into F3Q24 (Jun-end) earnings as we expect investors to start to pivot to looking beyond CY24, and see Apple well positioned to drive higher confidence from the upcoming earnings print relative to the shares representing a solid Edge AI play heading into the upcoming fiscal years. Specifically, we expect Apple to reassure investors that the... More
Apple working on foldable iPhone, could be released in 2026 - The Information
July 23, 2024 11:35 AM EDTAccording to a report by The Information on Tuesday, Apple (NASDAQ: AAPL) is working on a foldable iPhone with a potential release by 2026.
The foldable phone would resemble the Samsung Galaxy Z Flip with a clamshell design that folds horizontally, the publications said sources told them.
While Apple is known to abandon projects late in development, it is said there is no guarantee it would release the foldable phone. However, the... More
Bernstein SocGen Group on Apple (AAPL): 'We expect Apple’s FY Q3 to be largely in line with consensus.'
July 23, 2024 6:41 AM EDTBernstein SocGen Group analyst Toni Sacconaghi reiterated an Outperform rating and $240.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We expect Apples FY Q3 to be largely in line with consensus. Consensus and guidance calls for higher than seasonal revenue growth in the quarter, which is potentially plausible based on improving iPhone sales in China (May CATR data was better) and iPad... More
