Cowen upgrades Apple, says estimates ‘have bottomed’

“Cowen upgraded shares of Apple Inc. to outperform from market perform and raised its price target on the stock Wednesday to $135 from $125,” Jennifer Booton reports for MarketWatch.

“Analyst Timothy Arcuri said Apple estimates ‘have bottomed,’ and that the iPhone 7, expected to be unveiled in September, will help spur upgrades in the near term,” Booton reports. “‘Street estimates finally look safe while [year-over-year] compares on iPhone units and overall Apple revenue are bottoming’ and should turn flat as soon as the calendar fourth quarter, said Arcuri.”

Read more in the full article here.

MacDailyNews Take: Let’s go, AAPL!


  1. AAPL is an investment not a trade.

    Now all we hear in Q1 going into Q2 is “VALUE””VALUE””VALUE”….

    Amazone & Bozo’s Circus is a “VALUE” with a P/E (ttm): 482.31? AND a Div & Yield: N/A (N/A)… Some “VALUE”


    BOZO must lobby OBlahBlah & WallShite 24/7

    1. While many people have trouble understanding Apple’s value, because it is not an ordinary company, the same is true for Amazon.

      Quoting Amazon’s PE marks you as completely ignorant of its actual worth. It is reinvesting everything it makes into growth and capital infrastructure. Its PE is completely irrelevant for now and for many years to come.

      To properly value Amazon look at its Revenue/Price ration, its growth rate, and its expansion vertically and horizontally into new markets that complement each other (for instance, it is currently becoming a huge shipping company that will eventually sell shipping to other companies).

      Neither Apple or Amazon has any competitors to which they can be easily compared to, as each have successfully run a near one-of-a-kind strategy. But if you understand the right metrics you can find a good value estimate yourself.

      Calling Bezos a Bozo only calls yourself out as ignorant. He may not have much charisma but he is a brilliant businessman.

    1. We’ve already heard from the peanut gallery doofuses like yourself before ad nauseum, constantly proven wrong. You know nothing, you are not privy to Apple’s plans, you are disingenuous about their products, you have no first person idea of personnel “distraction.” They don’t come any stupider than you presuming so much you cannot prove. We pity you and your poor analytical skills. Now go collect your Samsung paycheck.

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