Apple likely to post higher revenue as discounts aid iPhone demand in China
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Apple (AAPL) PT Raised to $245 at Monness, Crespi, Hardt
August 2, 2024 1:05 PM EDTMonness, Crespi, Hardt analyst Brian White raised the price target on Apple (NASDAQ: AAPL) to $245.00 (from $205.00) while maintaining a Buy rating.
The analyst comments "Apple, Inc. (AAPL Buy $218.36): Raising Estimates and Increasing Price Target to $245. Last night, Apple reported 3Q:FY24 upside and... More
Apple (AAPL) PT Raised to $261 at Rosenblatt, Maintains Buy, 'Decent Warm Up Before the Big AI Show'
August 2, 2024 7:20 AM EDTRosenblatt analyst Barton Crockett raised the price target on Apple (NASDAQ: AAPL) to $261.00 (from $260.00) while maintaining a Buy rating.
The analyst comments " iPhone -- The iPhone installed base was said to have grown to a new all-time high in total and in every geographic segment. iPhone was the top seller in the US, urban China, the... More
JPMorgan Reiterates Overweight Rating on Apple (AAPL)
August 2, 2024 5:20 AM EDTJPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $265.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "As straight a beat as they come - with our broader coverage of Hardware companies reporting a diverse mix of results in an uneven macro, Apples results and execution in that backdrop stood out in its non-eventful nature as most product categories beat consensus expectation helping aggregate revenue do the same. In relation to our bullish view on the AI upgrade cycle, a non-eventful quarter with Apple beating estimates across the board... More
Apple stock could drift lower on earnings as bullish estimates are dialled back
August 1, 2024 10:19 AM EDTApple (NASDAQ: AAPL) stock may drift lower following its June quarter earnings, as analysts at Lynx Equity Strategies caution against overly optimistic expectations.
The stock has surged 31% over the past three months, significantly outperforming the Qs at 12% and SPX at 10%, largely due to better-than-expected China sales and a clear AI strategy.
However, Lynx suggests that current high expectations for fiscal year 2025 are unrealistic.
"Since the... More
