Apple

Wedbush raised Apple’s (NASDAQ:AAPL) price target to $190 from $180

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Wedbush analyst Dan Ives raised Apple’s (NASDAQ:AAPL) price target to $190 from $180 and maintained its outperform rating. Ives said demand in China rebounded significantly after a weak December. Looking ahead, he is confident of strong demand, saying that “the fact that iPhone suppliers in Asia have not yet made significant production cuts is a good sign that the demand curve for Apple’s flagship iPhone 14 Pro in March/June is stable.” He estimates that about 25 percent of existing iPhone users haven’t upgraded their phones for four years or more; As people upgrade their phones to newer models, Apple’s market share will continue to increase.

Wedbush raised Apple’s (NASDAQ:AAPL) price target to $190 from $180 Read Post »

Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With a Price Target $199

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Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With Buy Rating, Announces Price Target of $199。Goldman Sachs analyst Michael Ng said Apple’s success in hardware design and brand loyalty has led to a growing user install base, which provides visibility into revenue growth. Goldman Sachs noted that Apple’s installed base growth, long-term growth in services and new product innovation should be enough to offset cyclical headwinds in product revenue. Apple’s valuation is attractive compared to historical P/E ratios and peers.

Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With a Price Target $199 Read Post »

Bank of America: Raised Apple’s (NASDAQ:AAPL) price target to $158 with neutral rating

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Bank of America Securities issued a rating report saying that it is still concerned about the following points, including Apple’s (NASDAQ:AAPL) total revenue is lower than the bank and market expectations; We believe that there is no catalyst to drive the increase in demand; Weak end-market demand as customer confidence remains sluggish; iPad and Mac face tough year-over-year comparisons; and share buybacks lower than in previous quarters. The bank pointed out that even if the exchange rate is unfavorable and the macroeconomy is weak, the company’s profit margin is still strong; The bank lowered its revenue forecast for this year to $384 billion from $389 billion, raised its EPS estimate to $5.86 from $5.73 and raised its price target to $158 from $153, reiterating its neutral rating.

Bank of America: Raised Apple’s (NASDAQ:AAPL) price target to $158 with neutral rating Read Post »

Apple may launch the new high-end model “Ultra” of the iPhone in 2024

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Apple is considering further raising the price of high-end iPhone models, rather than simply renaming the Pro Max to Ultra. It is reported that Apple is discussing adding an “Ultra” high-end model to the Pro Max of the iPhone 16 series in 2024 or as soon as possible. It’s unclear what features the new high-end model offers, but speculation is likely to have larger screens, better cameras and more advanced chip designs.

Apple may launch the new high-end model “Ultra” of the iPhone in 2024 Read Post »

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