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Apple 'poised to win in AI' but that's already priced in says MoffettNathanson
August 19, 2024 8:50 AM EDTApple (NASDAQ: AAPL) is set to be a major player in the AI space, but according to MoffettNathanson, this potential is already reflected in its stock price.
In a recent note to clients, the investment firm initiated coverage of Apple with a Neutral rating and a price target of $211 per share, highlighting that while Apple's AI strategy is strong, the market has already anticipated and priced in these developments.
"Apple is... More
Google vs DoJ: Who wins?
August 17, 2024 6:00 AM EDTAs Google faces off against the Department of Justice (DOJ) over antitrust concerns, the battles outcome could reshape the tech landscape and impact the companys future.
Analysts at JMP Securities, Mizuho and Barclays have weighed in on the possible scenarios and their implications:
JMP Securities anticipates that the DOJ may impose remedies such as requiring OEMs and browsers to present a choice screen for default search engines.
They explain that this would likely benefit Google, as its superior search quality... More
Goldman Sachs Comments on Epic Games Store launches on iOS in the EU
August 16, 2024 2:13 PM EDTGoldman Sachs analyst Michael Ng reiterated a Buy rating and $275.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "On Friday, August 16, Epic Games (private) announced that the Epic Games Store has launched on iOS in the European Union, following Apple (AAPL) App Store platform changes in the EU to comply with the EU DMA (see Analyzing the App Store platform fee changes in the EU,... More
