Form 10-Q Apple Inc. For: Jun 29

Go back to Form 10-Q Apple Inc. For: Jun 29

5 analysts discuss Apple stock after earnings: 'The best is yet to come'

August 3, 2024 6:00 AM EDT

Following Apple's (NASDAQ: AAPL) latest earnings report, five analysts have weighed in on the stock, highlighting a generally positive outlook. Despite varying degrees of enthusiasm, one analyst suggests that the best is yet to come for Apple.

Bernstein praised Apple's fiscal Q3 performance, noting that results were "modestly ahead of consensus" with revenues growing 5% and services expanding by 14%. Bernstein emphasized Apple's strong free cash flow and its restrained capital expenditures, describing Apple's approach as "capital-light," which mitigates overinvestment risks.

They raised their FY24 and FY25 EPS estimates and reiterated... More

Apple stock is a good place to hide as market selloff accelerates

August 2, 2024 2:00 PM EDT

As 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 EDT

Monness, 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 EDT

Rosenblatt 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