FMP
Oct 28, 2024 1:43 PM - Davit Kirakosyan
Image credit: FMP
JPMorgan analysts reiterated their Overweight rating for Apple (NASDAQ:AAPL) with a price target of $265 on the stock. The analysts anticipate a mixed outlook for the tech giant, expecting stronger-than-anticipated results for Q4/24 (scheduled on October 31) but weaker guidance for Q1/25.
They highlighted that Apple's history of surpassing its own guidance could set the stage for positive market reaction following the September quarter earnings release. Industry reports suggest that a smooth supply ramp for the iPhone 16 positioned Apple well for Q4/24 shipments, with inventory being built up in preparation for the holiday season.
However, initial sell-through for the iPhone 16 series started slower than the iPhone 15, despite recent improvements. This slower pace, even as it gains momentum, is expected to result in iPhone revenues for Q1/25 falling below consensus estimates, though they are likely to show year-over-year growth due to higher average selling prices and product mix shifts.
Looking further ahead, the analysts remain optimistic about Apple’s longer-term prospects. They expect demand to strengthen further with the rollout of Apple Intelligence, predicting a stable iPhone volume forecast of 245 million units for 2025. This improved demand could serve as a catalyst for Apple, potentially leading to above-consensus revenue in the March and June quarters of 2025.
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...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...