FMP
Jun 4, 2024 10:01 PM - Davit Kirakosyan(Last modified: Jun 5, 2024 3:55 AM)
Evercore ISI analysts reiterated their Outperform rating and $220 price target on Apple (NASDAQ:AAPL), highlighting that App Store revenue grew 12% in May, up from 9% in April, with EU App Store revenues increasing by 25% in May.
This growth exceeded expectations and reinforced Evercore’s conviction that Apple's Services segment can sustain double-digit growth. The analysts believe that as long as growth remains in the high single to low double digits, the Services business should comfortably achieve the consensus estimate of 11% growth.
The App Store and Google payment are likely the largest components of Services, with newer, faster-growing services contributing to overall growth.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...