Apple’s ‘loop you in’ event might not be big winner for stock

“Apple Inc.’s product event on Monday will likely have a ‘minimal impact’ on either earnings estimates or Apple’s stock, said Pacific Crest analyst Andy Hargreaves in a note to clients Friday,” Jennifer Booton reports for MarketWatch.

“The company is expected to unveil a 4-inch iPhone, new iPad and additional watch bands Monday at its Cupertino headquarters,” Booton reports. “However, Hargreaves said he doesn’t expect the new hardware or software to ‘materially alter’ Pacific Crest’s outlook for earnings or his view of the stock.”

“On Friday, Pacific Crest reiterated an overweight rating and $127 price target on Apple stock,” Booton reports. “The stock has an average rating that is the equivalent to buy and a median price target of $132.91, according to a poll of roughly 45 analysts on FactSet.”

Read more in the full article here.

MacDailyNews Take: We’ll wait to see exactly what’s announced, thanks.

12 Comments

  1. Cook is too greedy. His first reponse it to squeeze as much as he can out of Apple consumers, instead of innovating with compelling products that people actually want to buy.

    A phone made with used parts and an iPad increased in price solely because “Pro” is added to the title just doesn’t cut it!

    1. Nobody goes there anymore, it’s too crowded.

      Nobody except the well informed and intelligent buy Apple, the poor and ignorant don’t understand the true cost of ownership.

    2. blah blah blah blah

      re “that people actually want to buy”

      Seems there are a lot of people buying the products of the #1 company on the planet.
      On the other hand, if you’d like to make a statement about your PERSONAL and INDIVIDUAL preferences, please go right ahead… (But please try to do it without name-calling and vague insinuations.)

    3. Go back to your tablet and pc boy. This place ain’t for you.

      You must be new to Apple because it has always been expensive. But the products are not based on an 18 months cycle.

  2. It never seems to make any difference what Apple introduces, there are always a bucket full of ANALysts that don’t feel it meets the criteria of their current agenda so it gets hammered. It will never change until someone in an important position in Government steps on them big time but that ain’t gonna happen until this administration or any future ones grow a huge set of balls!!

    1. Let’s not confuse real analysts with clickbaiting bloggers. Real analysts are consultants, not media whores. To maintain a professional reputation we are fair, sometimes scathing, with companies when they screw up. Even Apple.

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