Needham raises Apple target to $97, expects Swift programming language to enhance iPhone superiority
06/24/2014, 10:06 am
Investment firm Needham on Tuesday broke its typical semi-annual schedule and updated its price target for Apple stock to $97, citing stronger than expected iPhone sales and also the surprise announcement of a new programming language called Swift.
06/17/2014, 08:06 am
Cowen & Company on Tuesday became the latest Wall Street firm to revise their price target for shares of Apple stock upward, setting a new forecast of $102 ahead of the anticipated blockbuster launch of the company's next-generation iPhone.
06/16/2014, 10:06 am
While some pundits question whether Tim Cook can steer Apple to new successes in a post-Steve Jobs era, investment firm UBS on Monday came out in full support of the Apple CEO, calling him the "right man for the time."
06/13/2014, 09:06 am
With Apple widely expected to launch a wearable "iWatch" later this year, market watchers have begun to speculate exactly how many wrist-worn devices the company could sell, with one new projection pegging the device with at least 10 percent penetration among iPhone users in the first full year.
06/12/2014, 08:06 am
Following this week's stock split, RBC Capital Markets sees shares of Apple reaching near-record highs in the second half of 2014, based on the strength of the expected "iPhone 6," as well as hotly anticipated new product categories from the company.
06/11/2014, 10:06 am
While Apple in the past has asked the U.S. government for a so-called "tax holiday" that would allow it to bring its massive cash hoard back to America, the iPhone maker may finally get its wish, as both Democrats and Republicans from the U.S. Senate said they are considering a one-time tax break.
06/10/2014, 08:06 am
Continued strong demand for Apple's iPhone has the hot selling handset on pace to set yet another record in the current June quarter, the latest data from Morgan Stanley's AlphaWise survey has found.
06/09/2014, 09:06 am
Apple's much-anticipated 7-for-1 stock split officially went into effect with its new pricing on Monday morning, trading at $92.69 when the NASDAQ Stock Market opened at 9:30 a.m. Eastern in New York.
06/06/2014, 10:06 pm
In a brief filing with the U.S. Securities and Exchange Commission on Friday, Apple officially announced an amendment to its Articles of Incorporation to reflect a 7-for-1 stock split that brings total allowed issuance to 12.6 billion shares.
06/05/2014, 12:06 pm
Apple will complete its seven-for-one forward stock split after the market closes tomorrow, with the new post-split price reflected in trading on Monday.
Wall Street expects Apple's WWDC announcements will leverage strength of connected platforms against Google
06/03/2014, 10:06 am
With Apple's annual Worldwide Developers Conference highlighting tight integration between the upcoming OS X Yosemite and iOS 8 platforms, market watchers on Wall Street saw the announcements as a direct shot at Google's competing Android platform.
06/02/2014, 10:06 am
Apple's meteoric rise in the prestigious Fortune 500 corporate rankings continued this year as the iPhone maker moved past Texas oil and gas giant Phillips 66 to take the fifth slot in the 2014 edition.
05/30/2014, 12:05 pm
Add Goldman Sachs to the parade of investment firms that revised their price targets on Apple stock this week, following continued gains by the iPhone maker ahead of next week's Worldwide Developers Conference and 7-for-1 stock split.
05/30/2014, 08:05 am
Availability of the iPhone continues to increase as Apple inks new contracts with additional carriers, bringing its current worldwide total to 323 wireless providers, investment firm Wells Fargo Securities revealed on Friday.
05/29/2014, 12:05 pm
UBS on Thursday became the latest financial firm to raise their price target for Apple, with a new 12-month forecast of $700 on what is expected to be a blockbuster launch for the next-generation iPhone.
05/29/2014, 08:05 am
Apple's newly announced $3 billion acquisition of Beats Music and Beats Electronics has received a generally warm response from prominent analysts on Wall Street, who believe the purchase could help Apple compensate for shrinking digital music sales on the iTunes Store.
05/28/2014, 03:05 pm
Recent gains made by Apple stock had placed the price target at Barclays underwater, but the investment firm responded on Wednesday with a newly increased target of $655 that it said shows "respect" for Apple's momentum headed into the second half of 2014.
05/27/2014, 04:05 pm
With less than a week to go not only before Apple's Worldwide Developers Conference keynote, but also a forthcoming 7-for-1 stock split, investors pushed shares of the iPhone maker to a new 52-week high on Tuesday.
05/23/2014, 08:05 am
Though shares of Apple have been trending upward lately, institutional investors -- including hedge funds, banks, mutual funds and other powerful types of financial institutions -- have not yet bought in, suggesting that when they do, AAPL stock could move much higher.
05/21/2014, 03:05 pm
Apple has rarely issued press releases trumpeting new acquisitions since the landmark 1997 deal for NeXT that brought Steve Jobs back into the fold, and the company's now-massive size could help it continue its silence even with a rumored $3.2 billion deal for Beats Electronics.