Apple reported its strongest June quarter with mixed results, beating revenue and earnings estimates but missing on services and iPad sales. Goldman Sachs cut its 12-month price target to $360 from $370, citing weaker Q4 guidance but expects improvement from price hikes and new AI features. Other analysts range from Sell to Hold ratings, with an average 12-month target of $333.37, implying moderate bullishness. Apple's upcoming product launches in September will be key to its stock outlook.
US stock indices Nasdaq 100, Dow Jones 30, and S&P 500 are attempting to break higher but face resistance near key technical levels. The Nasdaq 100 is testing the 28,500 mark with resistance at its 50-day EMA, while the Dow Jones is challenging 52,50...
Major tech companies like Amazon, Alphabet, Tesla, and Meta are experiencing negative cash flow due to heavy spending on AI infrastructure and a memory chip shortage that is driving up costs. Apple also issued a weaker revenue forecast, citing supply...
Apple's stock was downgraded by Barclays with a new price target of $245, signaling a potential 26.5% drop from its previous price of $333.43. The downgrade follows Apple's warning of supply constraints impacting revenue growth, now expected between ...
Raymond James reaffirmed a 'Market Perform' rating on Apple stock, indicating it is fairly valued despite the company's record third-quarter revenue of $109.4 billion, a 16% increase year-over-year. Strong sales in iPhone and Mac segments drove this ...
Apple reported strong fiscal Q3 2026 results, surpassing revenue and adjusted EPS expectations, with notably robust free cash flow outperforming peers. The company benefits from minimal AI capital expenditure by leveraging its hardware and partnershi...
