Apple, Amazon shares steady in Frankfurt after results
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Evercore ISI on Apple (AAPL): 'EVR Monthly App Store Update: Dec-qtr Off to a Good Start'
November 5, 2024 3:26 PM ESTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "ALL YOU NEED TO KNOW: App Store revenue grew +15% in October, a small acceleration vs the 14% growth rate in September. Apple guided services growth to ~13% in the Dec-qtr, so if App Store revenue can maintain this growth... More
BofA Securities Reiterates Buy Rating on Apple (AAPL)
November 5, 2024 5:23 AM ESTBofA Securities analyst Wamsi Mohan reiterated a Buy rating and $256.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "With the U.S. presidential election taking place on Tuesday, Nov 5th, we look at the potential impact to Apples earnings under three scenarios: 1)... More
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
Amazon.com (AMZN) PT Raised to $225 at Seaport Global Securities
November 1, 2024 5:55 AM EDTSeaport Global Securities analyst Aaron Kessler raised the price target on Amazon.com (NASDAQ: AMZN) to $225.00 (from $200.00) while maintaining a Buy rating.
The analyst comments "We maintain our Buy rating and increase our PT to $225 (sum of parts analysis) from $200. Amazon reported... More
Amazon.com (AMZN) PT Raised to $232 at Deutsche Bank
November 1, 2024 5:40 AM EDTDeutsche Bank analyst Leo Horowitz raised the price target on Amazon.com (NASDAQ: AMZN) to $232.00 (from $225.00) while maintaining a Buy rating.
The analyst comments "With investor concerns around a softer 4Q OI guide from Amazon well articulated heading into 3Q earnings, the company surpassed profitability expectations with the LOW end of the 4Q guide of $16bn around where investors... 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
Amazon.com (AMZN) PT Raised to $252 at Citi
November 1, 2024 5:30 AM EDTCiti analyst Ronald Josey raised the price target on Amazon.com (NASDAQ: AMZN) to $252.00 (from $245.00) while maintaining a Buy rating.
The analyst comments "We emerge from Amazons 3Q24 results incrementally confident that the company can invest in growth while delivering significant margin expansion.... More
DA Davidson Reiterates Buy Rating on Amazon.com (AMZN)
November 1, 2024 5:28 AM EDTDA Davidson analyst Gil Luria reiterated a Buy rating and $235.00 price target on Amazon.com (NASDAQ: AMZN)
The analyst comments "We reiterate our BUY rating and $235 price target on Amazon following strong earnings that were characterized by a further reacceleration of AWS growth... More
DA Davidson Reiterates Buy Rating on Amazon.com (AMZN)
November 1, 2024 5:28 AM EDTDA Davidson analyst Gil Luria reiterated a Buy rating and $235.00 price target on Amazon.com (NASDAQ: AMZN)
The analyst comments "We reiterate our BUY rating and $235 price target on Amazon following strong earnings that were characterized by a further reacceleration of AWS growth... 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
Barclays Reiterates Overweight Rating on Amazon.com (AMZN)
November 1, 2024 5:23 AM EDTBarclays analyst Ross Sandler reiterated an Overweight rating and $235.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "The Key Take-Away: AMZN reported revenue and OI that were 1% and 18% above consensus and guided 4Q above. This should be a significant... More
