Loop Capital cuts AAPL price target to $170 over weak iPhone demand
Projecting that Apple's annual revenue will decline in 2024, investment firm Loop Capital says iPhone demand is too soft.
Projecting that Apple's annual revenue will decline in 2024, investment firm Loop Capital says iPhone demand is too soft.
With the earliest possible trial date start likely in late 2026, analysts are generally nonplussed by the Department of Justice omnibus antitrust suit and are telling investors to stick with Apple.
Investment firm Evercore says Apple is facing weakening demand and strong competition from AI rivals, but investors should stick with it for the long term.
The Sage of Omaha has decided to trim his Apple holdings, as part of what appears to be a small move away from big tech.
Investment firm JP Morgan has cut its Apple price target by $10 following the company's earnings report that showed iPhone declining in China.
Apple's first fiscal quarterly results will be released by the company on Thursday evening. Here's what happened in the holiday quarter, and what to expect the iPhone maker to reveal to investors.
Investment firm Redburn Atlantic has become the latest to downgrade Apple, although its analyst is keeping its $200 price target.
Despite other investment analysts downgrading Apple, Evercore is more positive and is maintaining a $220 stock price target because of the continued growth of the App Store.
As Microsoft stock rises and Apple's falls over analysts expectation of slowing iPhone demand, the two firms are once more within $100 billion of each other — the smallest gap in over two years.
Apple has been dealt another blow to its stock price, as analysts at Piper Sandler have downgraded AAPL to "neutral" over concerns of handset and macro weakness in 2024.
Investment analysts at Barclays say that the 2024 iPhone 16 range won't reverse what it sees as falling iPhone demand, and consequently has lowered its stock price target.
The AAPL stock closed at $197.96, up 1.67% for the day, a new record high for the company.
Investment analysts at Morgan Stanley have raised their target price for Apple based on the outlook for Services, iPhone 15 gross margins, and high consumer interest in Vision Pro.
A new report from Morgan Stanley concludes that while Apple is saying little about AI, it is ready to profit as consumers adopt AI-based tools in everyday life.
Apple has reported its results for the fourth quarter of 2023, with its revenue of $89.5 billion a continued drop for four consecutive quarters.
Oppenheimer has cut its price target for Apple from $220 to $200, just days ahead of the iPhone maker's fourth-quarter results release, citing China concerns and other factors.
If the current stock price holds until opening, and it is likely to, Apple will fall below the $3 trillion valuation after reaching it in the last hours of June, because more than half of the firms giving advice to investors don't know enough about the company, what it sells, and how it does business.
Apple has reported its results for the third quarter of 2023 with Services making up for weak iPhone sales, both driving a total revenue of $81.8 billion.
TD Cowen has increased its price target for Apple to $220, with iPhone shipments to emerging markets a "bright spot" in the upcoming Q3 2023 financial results.
While Apple may see earnings below Wall Street's expectations on the quarter, the iPhone 15 and strong China results have driven an Apple Stock price target increase by investment bank Piper Sandler.
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