BofA analyst Wamsi Mohan raised his price target on Apple to $350 and kept his Buy rating, citing the "strong positive" estimate revisions following its Q1 results. The analyst says the quarter saw strong iPhone revenue with an estimated unit sales of over 70M even though the channel inventory was not a tailwind in Q1. Mohan adds that the wider revenue range for Q2 "de-risks" the impact of coronavirus and also points to strong gross margins for Apple in spite of the strong Wearables revenue contribution. The analyst also cites commodity prices seen a tailwind in Q2 as well as the untapped contribution of TV+ to Services.

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link