Apple iPhone 16 sales blocked in Indonesia due to local parts rule
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October 29, 2024 4:01 PM EDT
Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "ALL ALL YOU NEED TO KNOW: Sentiment on Apple has turned more bearish in recent weeks, and we think buyside expectations are likely lower than current consensus estimates specially with noise around production cuts. Against this backdrop, we expect Apple to deliver inline results against current estimates, which should enable the stock to work higher, especially as we suspect their guide and iPhone... More
October 29, 2024 5:44 AM EDT
Barclays analyst Tim Long reiterated an Underweight rating and $186.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We expect in-line to slightly better Sep-Q, led by late cycle IP15 strength and better Services growth. All eyes are on Dec-Q... More
October 28, 2024 8:10 AM EDT
JPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $265.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "We expect a balance of better-than-expected Sep-Q (F4Q) results as well as weaker than expected guidance for Dec-Q (F1Q25) - which in the backdrop of Apples typical practice of beating its own guidance is likely to set up the shares interestingly heading into the F4Q24 (Sep-Q) print. iPhone shipment estimate for Sep-Q from industry analysts highlighted that a smooth supply ramp on iPhone 16 put... More
