JP Morgan analyst Samik Chatterjee on Wednesday maintained an “Overweight” rating on AAPL shares and increased his Apple price target from $175 to $190.
William Gallagher for AppleInsider:
“Expect Mar-Q beat to targets on iPhone revenue tailwinds from channel inventory build,” says the firm in a note seen by AppleInsider. “We are modestly raising our revenue and earnings forecast for the Mar-Q to $94.9 bn/$1.49 from $92.7 bn/$1.44 (vs. consensus of $92.5 bn/$1.43).”
JP Morgan says that this “improved Mar-Q outlook is led by” its estimate that Apple will produce around 58 million iPhones instead of the previously expected 54 million. This is “led by tailwinds from the channel building inventory over the past ninety days, and is partially offset by weaker demand for other Hardware categories.”
“We are raising our Dec-23 price target to $190 vs. $175 prior, despite lower earnings estimates,” continue the analysts, “as we see the earnings multiple expanding in response to the resilient positioning.”
MacDailyNews Note: Apple has an average outperform rating and price target range of $116 to $210, according to analysts polled by Capital IQ.
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Crossing fingers for AAPL reaches to $190. Amen.
Crossing fingers for AAPL reaches to $190.
when AAPL hits 200 then sale and buy NVDA. A.I. is the future of technology and Apple is sleeping on it. Nvidia,s current market cap is 650 billion so it could possibly double your money if NVDA can blow past 1 trillion market cap. Im not a pro so do your own research
Who’s got a target of $116? Do they have alternative career prospects?
AAPL got close not so long ago. Things can turn fast in the tech world, especially if you miss the next big thing.
if you want higher stock prices:
buybacks are just another way cook puts a lot of money in his pocket. yes, yes, other ceos too. the companies often give these ceos stock. at some later time a company does a buyback, and of course to not to look so obvious, at some later time, after supporting the shares prices in this manner, they sell their shares. remember the company will give them more shares down the line again.
the small shareholders don’t get any benefit other then more tax liability.
paying a higher dividend is the way to return money to shareholders. buybacks should use be used to go private. these ceos have just found another way to take more money out of these companies and not give it to shareholders.
think about how much more money a public company would have for its shareholders it CEOs max out at a salary of 2 million dollars. any other money they need, they should buy the shares of the company and get the extra money from the dividends paid out.
depending on the shares they buy, how well they run the company, how much money the company makes, they could make well over 100 million dollars, and depending, that could be per quarter. stockholders will have not complaints if the ceo makes that kind of money because the ceo takes the same risk as they do. either way that will keep demand high for the shares and keep share prices high. paying high dividend will cause more people to want the stock. watch how many people will put millions into a savings account at apple.
I wrote parts of this on another thread. it bared repeating.
Term limits on board membership would be more beneficial than salary limits (Cook is obviously worth more than $2 million to Apple) the problem is good-ol-boy dinosaurs like Al Gore who has been on the board for 20 years and will never rock the boat.
I’m curious how many of those estimated iPhones will actually make it into consumers’ hands moto x3m by the end of the quarter. Supply chain challenges still loom large.