JP Morgan has raised its 12-month price AAPL target to $150 after Apple's four-for-one split, noting that there are still significant upsides to the stock despite its already rich valuation.
Investment bank Wedbush has adjusted its AAPL price target to $150, taking into account Apple's recent four-for-one stock split.
Apple's stock split has completed, with shareholders on Friday now owning four times the number of shares in the iPhone maker they did yesterday, as the company attempts to make the stock "more accessible" to smaller investors.
Investment bank Wedbush has raised its AAPL price target to an industry-high $600 on the upcoming "iPhone 12" cycle and signs of strength in the critical region of China.
Investment bank Cowen has raised its 12-month Apple price target to $530 on an uptick in its iPhone build estimate for the third quarter.
Monday at end of trading is a key deadline for full participation in Apple's four-for-one stock split. Here's how it works, and what you need to know about the August 24 start of the process, and completion on August 31.
Apple's stock has hit a new milestone — $500 per share — in pre-market trading on Monday after a particularly profitable quarter.
Apple has become the first publicly traded U.S. company to hit a $2 trillion market capitalization, with shares of AAPL hitting $467.77 during intra-day trading.
Wedbush has raised its AAPL price target to $515 ahead of an expected "iPhone 12" super cycle and Apple hitting a $2 trillion market valuation — and it sees a potential path to $600 per share.
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.
Investment bank Wedbush is raising its AAPL price target to $475 on Apple's "Picasso-like" June quarter earnings results and the expectation of an "iPhone 12 super cycle."
JP Morgan bumped its AAPL price target to $460, up from $425, following an earnings report that surprised "even bullish expectations" and far surpassed its own forecast.
Following the publication of its third fiscal quarter of 2020 results, Apple CEO Tim Cook and Chief Financial Officer Luca Maestri are providing additional detail surrounding the particulars of the report during an hour-long conference call.
Six years after Apple had its last split, the company has announced that a four-to-one stock split will happen on August 24.
Apple has reported revenue earnings of $59.7 billion for the third quarter of 2020, beating Wall Street estimates, in a quarter where the company continues to feel the effects of the COVID-19 pandemic.
Investment bank JP Morgan has raised its AAPL price target to $425 on Apple's long-term upside as its near-term performance "surprises" investors.
Investment bank Cowen is expecting Apple to report June quarter earnings in-line with the larger Wall Street consensus, and adds that Services and the upcoming 5G "iPhone 12" will boost the company's momentum going forward.
Loop Ventures analyst Gene Munster expects Apple's June quarter to have lower than usual financial results, but says the earnings report will show there are key signs that Apple remains on track to grow and even find positives from coronavirus.
Morgan Stanley has raised its AAPL price target to $419, suggesting that Apple upgrade and trade-in programs could help the company unlock an "iPhone pot of gold."
Apple has announced that it will reveal its quarterly earnings for the third fiscal quarter of 2020 on July 30, detailing how the company is faring during post-WWDC and during a surge in new COVID-19 cases in the U.S.
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Malcolm Owen
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