Apple shares rise toward record high as analysts expect stellar earnings

Apple shares are approaching all-time record high territory as analysts expect a stellar earnings report from the company next Wednesday, January 27th, after market close.

Apple shares rise toward record high as analysts expect stellar earnings. Image: Apple Park, Cupertino, California
Apple Park, Cupertino, California

Eric J. Savitz for Barron’s:

Morgan Stanley analyst Katy Huberty on Thursday reiterated her Overweight rating on Apple stock and lifted her price target to $152 from $144. She writes that her checks find that Apple saw strength across its products and services portfolio in the quarter, driven by 5G iPhone adoption, the work-and-learn-from-home trend, and sustained engagement with the App Store.

Huberty expects double-digit revenue growth in all revenue segments, with “risks skewed to the upside” for iPhones, Macs, and Services. Her revenue estimate for the quarter is $108.2 billion, well above consensus at $102.6 billion.

D.A. Davidson analyst Tom Forte also repeated his Buy rating on the stock, noting that the stock looks “delicious,” though it has pushed past his $133 price target. (He says his target is “under review” pending next week’s earnings report.) Forte also has estimates above consensus for the quarter—he sees $106.2 billion in sales, with profits of $1.52 a share.

MacDailyNews Take: Apple seems destined to report cracking, perhaps easily, the $100 billion quarterly revenue barrier and notching all-time record revenue for Q121!

7 Comments

  1. The Prime Law of modern NeoLiberal & Rightwinger Capitalism: “As their Main St. falls, our Wall St. rises.” Libertarian elaboration: “It’s all one way, baby! Haha,ha.”

      1. Main Street is not Wallstreet.

        Wall Street has financially educated citizens (for the most part). They (the financially educated) benefit from capitalism. Why? Because, Capitalism rewards smarter more educated and more importantly HARD WORKING “legal” citizens.

        Main Street has indoctrinated snowflakes, mass homelessness, out of control open drug use, M-13 gangs, sex traffickers, Chinese IP infringers, thugs, murderers, rapists, extortionists, ….. shall iGo on?….

        Basically, it’s a lack of education. The USA 🇺🇸 is failing to PROPERLY EDUCATE our children. Our school system today is a fckin DISGRACE.

        Where is the debate? Can you debate if you SILENCE THOSE WHO YOU WISH NOT TO DEBATE? I’m SO WOKE aren’t I? What a pathetic state of affirmative action. Pathetic.

        AFool & His (or her “so woke”) money 💰 soon part. Hey Chuckles how’s the that insurgent erection cuming along with your fraudulent election & impeachment? Scumbags.

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