Evercore tells investors not to abandon 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.

William Gallagher 2 years ago 15

Famed investor Warren Buffett again trims stake in Apple

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.

William Gallagher 2 years ago 8

JP Morgan trims Apple stock target to $215 over weak iPhone expectations

Investment firm JP Morgan has cut its Apple price target by $10 following the company's earnings report that showed iPhone declining in China.

William Gallagher 2 years ago 2

Third investment firm downgrades Apple, but expects iPhone demand to improve

Investment firm Redburn Atlantic has become the latest to downgrade Apple, although its analyst is keeping its $200 price target.

William Gallagher 2 years ago 1

Not all financial predictions for Apple's holiday quarter are doom and gloom

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.

William Gallagher 2 years ago 0

Microsoft poised to overtake Apple as most valuable company

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.

William Gallagher 2 years ago 22

Apple stock takes another hit, as Piper Sandler downgrades to neutral

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.

Mike Wuerthele 2 years ago 14

iPhone 16 won't be compelling, says analyst with no compelling data

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.

William Gallagher 2 years ago 29

Apple stock closes at an all-time-high, added $1 trillion to its market cap in 2023

The AAPL stock closed at $197.96, up 1.67% for the day, a new record high for the company.

Wesley Hilliard 2 years ago 9

Morgan Stanley boosts AAPL target to $220 over AI and Vision Pro

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.

William Gallagher 2 years ago 7

Apple best-placed to benefit as AI goes mainstream, says Morgan Stanley

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.

William Gallagher 2 years ago 6

Apple suffers fourth consecutive quarter of declining sales, beat Wall Street anyway

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.

Malcolm Owen 2 years ago 40

Oppenheimer lowers AAPL target to $200 ahead of earnings

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.

Malcolm Owen 2 years ago 2

Apple's valuation will fall to less than $3 trillion for the worst reasons

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.

Mike Wuerthele 2 years ago 42

Apple edges out Wall Street, with weak iPhone sales saved by Services surge

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.

Malcolm Owen 2 years ago 24

Load More