Microsoft extends rally with a record-breaking stock market value
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Apple (AAPL) stock rating cut at Phillip Capital following rally
June 18, 2024 6:47 AM EDTApple (NASDAQ: AAPL) was cut to Neutral from Accumulate by analysts at Phillip Capital in a note Tuesday, with the firm citing the iPhone maker's recent share price movement as its primary reason for the re-rating. However the firm increased its target for the stock to $220 from $194.
The... More
Apple (AAPL) PT Raised to $245 at JPMorgan, 'AI-Highs Still to Be Seen As Upgrade Cycle Led EPS Upsides Leave a Lot of Room'
June 18, 2024 5:03 AM EDTJPMorgan analyst Samik Chatterjee raised the price target on Apple (NASDAQ: AAPL) to $245.00 (from $225.00) while maintaining a Overweight rating.
The analyst comments "We are updating our volume forecasts for the iPhone 16 and iPhone 17 cycle following the WWDC event, which laid out a collection of AI features that in our view will drive an upgrade cycle that starts with the iPhone 16 launch (primarily FY25 impact to financials) followed by a cycle peak with the launch of iPhone 17 (primarily FY26 impact to financials). We are raising our iPhone... More
