Apple shares slip as shorter iPhone 16 shipping times signal soft demand
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Morgan Stanley on Apple (AAPL): 'See near-term downside of ~$200, and we'd buy any potential estimate cuts as AI-driven multi-year upgrades are a when, not an if'
September 18, 2024 5:42 AM EDTMorgan Stanley analyst Erik Woodring reiterated an Overweight rating and $273.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "iPhone 16 lead times are extending but tracking lower Y/Y, with the average iPhone 16 lead time in the US down 33% Y/Y (or 7... More
CFRA Reiterates Buy Rating on Apple (AAPL)
September 17, 2024 10:16 AM EDTCFRA analyst T. Michael Walkley reiterated a Buy rating and $260.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Shares of AAPL were down on concerns that shorter pre-order lead times/lower orders for the new Pro devices on the initial weekend could be an indication of... More
Evercore ISI Reiterates Outperform Rating on Apple (AAPL)
September 16, 2024 11:56 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Presale for the iPhone 16 lineup went live on Friday night at 5PM PT. Delivery times for the Pro model have increased across all geos we track (US, CN, JP, UK, DE) relative to last year. In aggregate, given the staggered launch of both Apple Intelligence across geographies and AI features we think the mix data set is logical Pro Max is modestly weaker vs. iPhone 15, Pro models are doing... More
