Apple (AAPL) Estimates Raised at Drexel Hamilton
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Apple (AAPL) PT Raised to $135 at Brean Capital
October 26, 2016 9:33 AM UTCBrean Capital analyst Ananda Baruah reiterated a Buy rating and raised its price target on Apple (NASDAQ: AAPL) to $135.00 (from $125.00) following results.
Baruah commented, "AAPL Dec Q guidance suggests that not only are iPhone units continuing to gain strength (as... More
Earnings in focus as Apple weighs; Boeing lifts Dow
October 26, 2016 7:26 AM UTCBy Rodrigo Campos
(Reuters) - Quarterly results were the main driver for Wall Street on Wednesday as a decline in Apple shares weighed on the S&P 500 and Nasdaq, while the price-weighted Dow Industrials was buoyed by gains in Boeing.
Apple, the world's largest exchange-traded company, fell 2.2 percent after it acknowledged that strong demand for its iPhone 7 Plus caught the company off-guard and it was struggling to keep up.
On the other hand, Boeing shares hit their highest level since Dec. 31 after the planemaker reported a jump in quarterly profit despite slower sales. Boeing closed up 4.7 percent at... More
Apple (AAPL): Pokemon Go and Samsung Drove Upside - Needham
October 26, 2016 7:28 AM UTCNeedham & Company analyst, Laura Martin, reiterated her Strong Buy rating on shares of Apple (NASDAQ: AAPL) revenue of $46.85B was down 9% y/y but up 2% vs estimates. EPS of $1.67 was down 15% y/y but up 3% vs estimates. iPhone revenue rose $4.1B to... More
Cowen Affirms Apple (AAPL) at 'Outperform'; Sees $135 PT as 'Conservative' Given Expected Multiples
October 26, 2016 7:25 AM UTCCowen and Company affirms Apple (Nasdaq: AAPL) at Outperform with a price target of $135 following Q4 results and outlook issued Tuesday night.
The firm commented on Wednesday: While there could be some minor hand wringing over GMs, AAPL is tightly managing supply but still nicely threaded the needle on guidance. From here, investors can now really start to focus on iPhone 10 being the flame in C2017 that lights the "powder keg" that is forming in the installed base. Target remains $135, but even this is very... More
Apple (AAPL): Path To $10 In Earnings Remains - RBC
October 26, 2016 6:44 AM UTCRBC Capital analyst, Amit Daryanani, reiterated his Outperform rating on shares of Apple (NASDAQ: AAPL) after the company reported in-line Sept-qtr results with revenues/EPS of $46.9B/$1.67 vs. Street at $47.0B/$1.66.
The analyst believes the sell-off creates an attractive entry point for investors... More
Apple (NASDAQ: AAPL): Supply Constraints Limit Upside - Mizuho
October 26, 2016 6:23 AM UTCMizuho Securities analyst, Abhey Lamda, reiterated his Buy rating on shares of Apple (NASDAQ: AAPL) after the company reported in-line fourth quarter results. Management noted strong product cycle and continued switching activity but called out current undersupply of 7+ models.
Guidance implied... More
Apple (AAPL) Bullish View Reiterated at BMO Capital Following Better iPhone Outlook Offset by Higher Costs
October 26, 2016 6:17 AM UTCBMO Capital analyst Tim Long reiterated his Outperform rating and $140 price target on Apple (NASDAQ: AAPL) following in-line Q4 results with stronger guidance. Long notes a better iPhone outlook was offset by higher costs.
Long commented, "Apple reported in-line September results, while... More
Apple (AAPL): Price Drives Estimate Increases But Ests Stay Below Street - Oppenheimer
October 26, 2016 6:14 AM UTCOppenheimer analyst, Andrew Uerkwitz, reiterated his Perform rating on shares of Apple (NASDAQ: AAPL) after the company reported in-line F4Q16 results and provided mixed F1Q17 guidance.
The analyst stated: "It is hard to prove that the iPhone 7 cycle is... More
Stifel Downgrades Apple (AAPL) to Hold on Weak iPhone Sell-Thru, Lack of Upside Catalyst
October 26, 2016 6:13 AM UTCStifel downgraded Apple (NASDAQ: AAPL) from Buy to Hold with a price target of $115.00 (from $130.00) following Q4 results, citing weaker iPhone sell-thru and lack of upside catalyst.
Analyst Aaron C. Rakers commented, "We are downgrading to a Hold as we believe shares of Apple could remain range bound ($105-$120/sh.; 6-7x EV/EBITDA on C2018 estimates vs. 5-10x NTM historical 5-yr range) over the next 2-3 quarters until we / investors are able to garner greater... More
Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
October 25, 2016 4:31 PM UTC(Updated - October 25, 2016 4:34 PM EDT)
Apple (NASDAQ: AAPL) reported Q4 EPS of $1.67, $0.02 better than the analyst estimate of $1.65. Revenue for the quarter came in at $46.9 billion versus the consensus estimate of $46.89 billion.
The company sold 45.51 million iPhone units in the quarter, versus... More
