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Bank Of America Upgrades Apple To Buy, Says Street Is Too Pessimistic
Monday, March 11, 2019 - 9:44am | 599Shares of Apple Inc. (NASDAQ: AAPL) remain lower by around 26 percent since its all-time highs and BofA recommends investors to be buyers of the pullback. The Analyst Bank of America's Wamsi Mohan upgraded Apple from Neutral to Buy with a price target lifted from $180 to $210. Apple's stock...
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What Are The Apple 'Services' That Are Doing Well As The iPhone Struggles?
Saturday, February 2, 2019 - 9:57am | 814While Apple Inc. (NASDAQ: AAPL) watchers have focused on struggling iPhone sales, some were surprised this week when the company reported a slight earnings beat and some optimism despite slowing sales of its signature product. The company reported iPhone revenue that was down 15 percent year-over-...
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Wall Street Reacts To Apple's Q1 Earnings, Guidance
Wednesday, January 30, 2019 - 11:41am | 1195Many Apple Inc. (NASDAQ: AAPL) investors are breathing a sigh of relief after the company's fiscal first-quarter results came in slightly better than expected and the stock initially jumped higher by more than 5 percent. Here is a summary of how some of the Street's top analysts reacted to...
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Cramer: Apple Shares Need Better iPhone Sales Or Services Growth To Move Higher
Thursday, January 10, 2019 - 12:21pm | 438A "razor-razorblade" business model refers to a company selling a dependent product at a small profit or even at a loss — the razor — to lure customers into an ecosystem so they end up buying higher-margin products — the razorblade — over a long period. CNBC...
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Apple CEO Tim Cook Talks With Jim Cramer—Here Are The Key Takeaways
Wednesday, January 9, 2019 - 10:57am | 719Apple Inc. (NASDAQ: AAPL) CEO Tim Cook spoke with CNBC's Jim Cramer in an interview aired Tuesday evening covering multiple topics from Apple's services business, China concerns, Wall Street "naysayers" and more. What To Expect In 2019 Investors and Apple enthusiasts will be...
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'Jaw-Dropping': Wall Street Reacts To Apple's Guidance Cut, China Business
Thursday, January 3, 2019 - 12:46pm | 1097Apple Inc. (NASDAQ: AAPL) cautioned investors Wednesday that its holiday quarter revenue is likely to come in "lower than anticipated." Here's how Street analysts are reacting to the guidance cut. The Analyst Wedbush's Dan Ives maintains an Outperform rating...
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What's Next For 5G?
Thursday, December 27, 2018 - 12:23pm | 449One of the more notable technological developments in 2019 and beyond promises to be the global rollout of 5G technology. Yet the end of 2018, which has been marked by geopolitical concerns, implies a complicated or uncertain outlook for 5G in the coming year. Digital Shadows: More Than...
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What You Need To Know From HSBC's Apple Downgrade
Tuesday, December 4, 2018 - 10:01am | 367Does Apple Inc. (NASDAQ: AAPL) have a dependence problem? Analysts at HSBC say the iPhone maker's years of growth from hardware units is "broadly over." What Happened Apple's growth story over the years has com mostly from selling new hardware devices to new users but this is...
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Pro: Why Apple's Stock Is Undervalued
Friday, November 30, 2018 - 1:09pm | 408With the stock down more than 15 percent over the past month alone, Apple Inc. (NASDAQ: AAPL) could be seen as being in a "period of undervaluation," ARK Investment Management CEO Cathie Wood told Bloomberg TV. What Happened Wall Street analysts are wrongly focusing their attention...
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Bank Of America Cites Near-Term Concerns In Apple Downgrade
Friday, November 2, 2018 - 8:47am | 348Bank of America's bullish case for Apple Inc. (NASDAQ: AAPL) has come to a pause after the company's fiscal fourth-quarter earnings report highlights four "troublesome" near-term trends. The Analyst Bank of America's Wamsi Mohan downgraded Apple from Buy to Neutral with a...
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Bank Of America's Bullish Apple Stance Unchanged Despite App Store Deceleration
Thursday, November 1, 2018 - 11:36am | 440Third-party data from app intelligence firm Sensor Tower and Bank of America Merrill Lynch point to a deceleration in Apple Inc. (NASDAQ: AAPL)'s App store revenue in October, the sell-side firm said this week. The Analyst Bank of America Merrill Lynch's Wamsi Mohan maintains a...
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3 Reasons To Love Apple Right Now: iPhone, Services, Wearables
Monday, October 29, 2018 - 12:23pm | 395The key to Apple Inc. (NASDAQ: AAPL)'s growth is the company leveraging its "stable" iPhone business to generate new revenue within the higher margin Services business, according to Jefferies. The Analyst Jefferies' Timothy O'Shea initiated coverage of Apple's stock with a...
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RBC, Bank Of America Surveys Paint Bullish Picture Ahead Of Apple's Q4 Print
Tuesday, October 9, 2018 - 11:35am | 579Apple Inc. (NASDAQ: AAPL) is scheduled to report its fiscal fourth quarter and full-year results Thursday, Nov. 1 at a time when investor sentiment is "largely neutral to even slightly negative," according to RBC Capital Markets. The Analyst RBC analyst Amit Daryanani...
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6 Reasons To Love Apple, According To JPMorgan
Thursday, September 27, 2018 - 9:45am | 412Even after an impressive 32-percent year-to-date gain, a major Wall Street firm came out bullish on Apple, Inc. (NASDAQ: AAPL) Thursday and said there are simply too many positive catalysts for the stock to ignore. The Analyst JPMorgan analyst Samik Chatterjee has initiated coverage of Apple with...
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Morgan Stanley Raises Apple's Price Target On Video Optimism
Wednesday, September 5, 2018 - 10:04am | 348For the second consecutive day, a major Wall Street firm raised its price target for Apple, Inc. (NASDAQ: AAPL) ahead of the iPhone event scheduled for Sept. 12. The Analyst Morgan Stanley analyst Katy Huberty reiterated her Overweight rating and raised her price target for Apple from $232 to $245...