Rosenblatt increased Apple's stock price target from $300 to $303, maintaining a Neutral rating ahead of the anticipated foldable iPhone launch on September 9. The firm believes Apple can manage supply-chain challenges through higher prices, premium products, and strong innovation, despite some margin pressure. The recent CEO transition from Tim Cook to John Ternus marks a significant moment, with Rosenblatt viewing the upcoming product rollout as a test of Ternus' leadership. The $303 target reflects a 31x multiple of projected fiscal 2027 earnings, indicating confidence in Apple's premium valuation but acknowledging limited room for setbacks.
John Ternus officially becomes Apple's new CEO, succeeding Tim Cook who moves to executive chairman after 15 years. This leadership change comes as Apple prepares for its annual product launch next week. Meanwhile, global bond yields rise due to infl...
John Ternus has officially become Apple's CEO, succeeding Tim Cook after a 15-year tenure. Ternus faces significant challenges, including soaring memory costs that are driving up device prices and the need to advance Apple's AI strategy. With Tim Coo...
Investors have funneled $195 billion into global technology ETFs over the past year, far surpassing inflows into all other sectors combined. This surge reflects a concentrated bet on a handful of tech giants, especially those tied to artificial intel...
Apple has filed new evidence in its lawsuit claiming former employee Chang Liu stole confidential trade secrets to benefit OpenAI. The evidence includes use of a secret Apple circuit schematic and an internal tool name in Liu's work at OpenAI. Apple ...
JPMorgan introduced two new ETFs, ROCY and ROCQ, designed to reduce the tax burden on income for investors holding shares in taxable accounts. Unlike JEPI, which generates mostly ordinary income taxable annually, these new funds focus on return-of-ca...
