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.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...