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- Nasdaq futures take lead after Nvidia forecast refuels AI trade
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- Oil gains as traders weigh prospects of Hormuz reopening
- Meta to pay up to $16.68 billion in mass social media settlement
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- Nutanix (NTNX) Tops Q4 EPS by 11c, Beats in Revenue; Offers Q1 Revenue Guidance
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- Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings
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Apple stock is a good place to hide as market selloff accelerates
August 2, 2024 2:00 PM EDTAs the market selloff accelerates, Apple (NASDAQ: AAPL) emerges as a resilient stock and a safe haven for investors, according to Needham & Company analysts.
Apple reported impressive fiscal Q3 2024 results with revenues of $85.8 billion, operating income of $25.4 billion, and diluted EPS of $1.40, surpassing analyst estimates. Despite a slight decline in iPhone revenues, Apple's robust financial performance... More
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
