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AAPL

Apple

$157.94

0.09 (0.06%)

05:24
01/03/19
01/03
05:24
01/03/19
05:24

Apple price target lowered to $140 from $182 at Goldman Sachs

Goldman Sachs analyst Rod Hall lowered his price target for Apple to $140 citing last night's negative fiscal Q1 preannouncement. The company reduced the mid-point of its revenue guidance by 8% as demand incrementally weakened during the quarter versus its expectations, Hall tells investors in a research note. He says Apple's guidance cut confirms his negative view on demand in China that he's been flagging since late September. Hall reduced his fiscal 2019 revenue estimate for Apple by 6% to $253B and earnings per share estimate by 10% to $11.66. Further, he sees the potential for further downside to fiscal 2019 numbers "depending on the trajectory of Chinese demand in early 2019." The analyst keeps a Neutral rating on Apple.

AAPL Apple
$157.94

0.09 (0.06%)

01/03/19
PIPR
01/03/19
NO CHANGE
Target $187
PIPR
Overweight
Apple price target lowered to $187 from $222 at Piper Jaffray
Piper Jaffray analyst Michael Olson lowered his price target for Apple to $187 from $222 after the company reduced its revenue guidance for the December quarter. The stock in premarket trading is down 8%, or $12.04, to $145.88. The guide down was largely attributed to weaker than anticipated iPhone sales in Greater China due to macroeconomic factors, including trade tensions with the U.S., Olson tells investors in a research note. Outside of iPhone weakness in China and some emerging markets, Apple reported strength in non-iPhone, with revenue for other categories collectively growing 19% year-over-year, an acceleration from non-iPhone revenue growth reported in the past several quarters, adds the analyst. Olson reduced his fiscal 2019 and 2020 revenue estimates by 6% and 4%, respectively, as a result of the guide down but keeps an Overweight rating on Apple shares. He now applies a multiple that is a slight discount to Apple's two-year average due to uncertainty regarding the timing of iPhone headwinds in China, and potentially elsewhere, over the coming quarters.
01/03/19
MACQ
01/03/19
DOWNGRADE
MACQ
Neutral
Apple downgraded to Neutral from Outperform at Macquarie
01/02/19
BTIG
01/02/19
NO CHANGE
Target $197
BTIG
Buy
Apple price target lowered to $197 from $235 at BTIG
BTIG analyst Walter Piecyk lowered his price target on Apple to $197 and also lowered his FY19 EPS view by $1.30 to $12.34 after the company's Q1 guidance cut. The analyst estimates Q1 iPhone sales below 64M units, which marks an 18% decline from last year - the largest decline since Q2 of 2016. Piecyk also expects Q2 unit sales to fall to 42.5M, which would reflect a typical seasonal slump and a 19% drop from last year's Q2. The analyst also keeps his Buy rating on Apple, forecasting the company to return to revenue growth in Q3 while noting that the company's iPhone weakness is being offset by upside in other segments.
01/02/19
RBCM
01/02/19
NO CHANGE
Target $185
RBCM
Outperform
Apple price target lowered to $185 from $220 at RBC Capital
RBC Capital analyst Amit Daryanani lowered his price target on Apple after the company's Q1 guidance cut. The analyst also keeps his Outperform rating, stating that investors were already bracing for a disappointing outlook from the company, adding that the risk-reward at the current stock price level is attractive.

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AMZN

Amazon.com

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-10.51 (-0.60%)

, MSFT

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BWEN

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ASTC

Astrotech

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AT&T

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DXLG

Destination XL

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