Bank of America Securities analyst Wamsi Mohan has downgraded Apple's stock to a "neutral," citing a new balance to risk and reward as the stock has hit new highs following a blockbuster earnings report.
Wamsi Mohan from Bank of America has tweaked his target price for Apple stock, and is slightly reducing what he expects from the company for 2020, mostly because of supply and demand impacts from the coronavirus pandemic.
Apple's holiday quarter financial results will be revealed on Tuesday, with iPhone 11 sales likely to be the biggest topic of interest. Here are what some of the analysts monitoring the iPhone maker expect will be revealed during the filing and following conference call.
Despite mounting risks in mainland China, Bank of America Securities upped its price target another 7% on shares of Apple this week, saying the international roll out of 5G should help the company sustain consistent sales of over 200M iPhones over the next few years.
Apple's March-quarter financial results are set to be released on Tuesday, and all eyes are on what Apple will say — or won't say — about iPhone sales volumes. Here's what observers of the iPhone maker anticipate Apple will reveal.
Bank of America has changed its stance on Apple's shares by upgrading it from "neutral" to "buy," with analysts suggesting the current state of the iPhone producer's stock "presents opportunity" with multiple prospects for growth from healthcare and the Services business.
Apple's stock price has taken a beating during early Monday trading, after analysts from two investment firms downgraded the iPhone producer following the latest quarterly results release, with analysts pessimistic on shipment figures and the lack of data going forward.
After a supply chain visit, Bank of America Merrill Lynch is the latest firm to predict a launch up to a month later than usual for the as-yet unannounced "iPhone 8" and an accompanying drop in sales through the end of the calendar year — but still a blockbuster 2018 ahead for Apple.