Apple offers modest growth outlook after iPhone sales help beat profit expectations
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HSBC on Apple (AAPL): 'We see Apple bringing useful services to its customers (and unmatched privacy too)'
November 1, 2024 9:48 AM EDTHSBC analyst Erwan Rambourg reiterated a Hold rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "
Fiscal Q4 24 results: Apple delivered a record revenue for its September-end quarter, including for iPhone and an all-time record for Services revenue. Group revenues grew 6.1% to USD95bn (0.4% beat vs Visible Alpha consensus). Greater China sales were almost flat (-0.3% y-o-y) after four consecutive quarters of decrease. iPhone sales were up 5.5% y-o-y, a 2% consensus beat (49% of Group sales). Gross margin hit USD43.9bn (0.8% beat, 46.2% of sales vs guided 45.5-46.5%). EPS of USD0.97 was short of... More
Citi Reiterates Buy Rating on Apple (AAPL)
November 1, 2024 5:36 AM EDTCiti analyst Atif Malik reiterated a Buy rating and $255.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "AAPL posted a beat on the Sep-Q with iPhone sales +6% Y/Y above our +2% Y/Y expectations. Dec-Q guide of up LSD-MSD Y/Y... More
DA Davidson Reiterates Buy Rating on Apple (AAPL)
November 1, 2024 5:28 AM EDTDA Davidson analyst Gil Luria reiterated a Buy rating and $260.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We reiterate our BUY rating and $260 price target on Apple following a strong 4Q24 performance that was highlighted by reaccelerating iPhone sales along with... More
