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AAPL

Apple

$207.50

2.88 (1.41%)

08:15
04/24/19
04/24
08:15
04/24/19
08:15

Apple price target raised to $234 from $222 at Morgan Stanley

Morgan Stanley analyst Katy Huberty raised her price target on Apple shares to $234 from $222 citing a rerating of Services peers' multiples, stating that she believes "the stock can continue to work from here" despite the rally of over 40% from its January lows. She contends that investors still don't fully appreciate the strength of Apple's platform, noting that Street revenue forecasts have been left largely unchanged despite Apple nearly doubling the number of Services offered this year. For context, she noted that iCloud and Apple Music contributed an average of roughly 300 basis points to Services revenue growth in their first full year following their launches. Additionally, Huberty noted that iPhone data points stabilized early in the March quarter, pointing to a positive inflection in China's active installed base share and Taiwan supplier monthly sales having improved at March quarter end. She keeps an Overweight rating on Apple shares.

  • 30

    Apr

  • 03

    Jun

AAPL Apple
$207.50

2.88 (1.41%)

04/23/19
PIPR
04/23/19
NO CHANGE
PIPR
Piper sees U.S. ride-hailing market reaching $500B per year by 2040
Piper Jaffray expects the U.S. ride-hailing market will achieve annual revenue of $500B per year by 2040, analysts led by Alexander Potter tell investors in a research note. The firm, which utilized baseline data from the National Household Travel Survey, expects ride-hailing growth to continue, with around one-third of urban trips relying on shared third-party vehicles in 2040. This compares to a baseline of only 1.4% in 2017, and equates to a 20-year annual growth rate of ~14%, the analysts contend. Of the stocks with exposure to this trend, Piper prefers Lyft (LYFT), General Motors (GM) and NXP Semiconductors (NXPI). Other covered companies also warrant mention, including Apple (AAPL), Amazon.com (AMZN), Aptiv (APTV), Ford (F), Nvidia (NVDA), and Tesla (TSLA), says Piper.
04/23/19
WELS
04/23/19
NO CHANGE
Target $190
WELS
Market Perform
Wells Fargo cuts iPhone shipment view, cautious on Apple ahead of earnings
Wells Fargo analyst Aaron Rakers said he believes year-to-date strength in Apple (AAPL) has been driven by a view that iPhone weakness is well-known and bottoming at this point, Apple's expanding subscription services narrative, Apple indexing funds chasing performance and some confidence added by the Qualcomm (QCOM) settlement. Based on his tracking of several intra-quarter iPhone related data points, he reduced quarterly iPhone shipment estimate to 40.4M units and reduced his revenue and EPS estimates to $56.6B and $2.38, respectively, from $58.3B and $2.45. Rakers keeps a Market Perform rating on Apple's shares with a $190 price target.
04/23/19
MSCO
04/23/19
UPGRADE
Target $95
MSCO
Overweight
Morgan Stanley upgrades Qualcomm, thinks Apple pact not yet fully appreciated
As previously reported, Morgan Stanley analyst James Faucette upgraded Qualcomm (QCOM) to Overweight from Equal Weight, citing his view that the market has "not yet fully appreciated" the impact of the company's settlement with Apple (AAPL), which he thinks not only increases earnings substantially while also expanding the freedom with which Qualcomm can pursue new opportunities. Faucette thinks the settlement reinforces two key Qualcomm tenets - the best modem performance matters and that the best intellectual property has value. While he takes a more conservative view than most on the pace of 5G ramp, Faucette said he views Qualcomm as "the key enabler" of 5G technology. He raised his price target on Qualcomm shares to $95 from $55.
04/24/19
BERN
04/24/19
NO CHANGE
BERN
Q2 Street estimates for Apple likely achievable, says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. believes that Q2 Street estimates for Apple are likely achievable. The analyst anticipates Apple to guide Q3 revenues to around $50B-$52B, modestly below consensus of $52.2B, but doubt any resulting shortfall will be large enough to meaningfully move the stock.

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JMP Securities to hold a forum »

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ORIT

Oritani Financial

$16.53

0.3 (1.85%)

, VLY

Valley National

$10.12

-0.065 (-0.64%)

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Oritani Financial, Valley National rating change  »

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ORIT

Oritani Financial

$16.53

0.3 (1.85%)

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Valley National

$10.12

-0.065 (-0.64%)

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MU

Micron

$37.05

4.34 (13.27%)

, TSLA

Tesla

$219.22

-0.47 (-0.21%)

08:55
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08:55
Options
Notable open interest changes for June 27th »

Wednesday's total…

MU

Micron

$37.05

4.34 (13.27%)

TSLA

Tesla

$219.22

-0.47 (-0.21%)

AAPL

Apple

$199.79

4.18 (2.14%)

T

AT&T

$32.53

-0.02 (-0.06%)

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ASV

ASV Holdings

$1.64

-0.11 (-6.29%)

08:55
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Breaking Hot Stocks news story on ASV Holdings »

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08:55
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Oppenheimer to hold a summit »

Summit for Emerging…

ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

08:54
06/27/19
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08:54
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08:54
Recommendations
Aclaris Therapeutics analyst commentary  »

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08:53
06/27/19
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JMP Securities to hold a tour »

Biotech Bus Tour travels…

ATHM

Autohome

$85.09

3.255 (3.98%)

08:53
06/27/19
06/27
08:53
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08:53
Initiation
Autohome initiated  »

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08:53
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Deutsche Bank to hold a conference »

Asia Internet Corporate…

MRVL

Marvell

$23.71

0.31 (1.32%)

08:51
06/27/19
06/27
08:51
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08:51
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Marvell analyst commentary  »

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08:51
06/27/19
06/27
08:51
06/27/19
08:51
Conference/Events
Argus to hold a conference »

Argus Kazakhstan &…

F

Ford

$9.90

0.06 (0.61%)

08:50
06/27/19
06/27
08:50
06/27/19
08:50
Periodicals
Ford to close plants in Europe, cut about 12,000 jobs, WSJ says »

Ford will close factories…

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SIBN

SI-Bone

$17.95

-0.04 (-0.22%)

08:50
06/27/19
06/27
08:50
06/27/19
08:50
Hot Stocks
SI-Bone says iFuse Implant System surpasses 40,000 procedures »

SI-BONE announced that…

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  • 09

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08:50
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Conference/Events
JPMorgan to hold a conference »

2019 Emerging Markets…

LBC

Luther Burbank

$10.33

-0.13 (-1.24%)

08:50
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08:50
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Luther Burbank rating change  »

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HXL

Hexcel

$79.09

0.46 (0.59%)

, PKG

Packaging Corp.

$92.45

-0.02 (-0.02%)

08:49
06/27/19
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08:49
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08:49
Conference/Events
BMO Capital to hold a conference »

2019 Chemicals &…

HXL

Hexcel

$79.09

0.46 (0.59%)

PKG

Packaging Corp.

$92.45

-0.02 (-0.02%)

03/08/13
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  • 27

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CVNA

Carvana

$59.06

-1.285 (-2.13%)

, SFIX

Stitch Fix

$30.49

-0.26 (-0.85%)

08:48
06/27/19
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Conference/Events
Wells Fargo to hold a conference »

2019 "Bricks to…

CVNA

Carvana

$59.06

-1.285 (-2.13%)

SFIX

Stitch Fix

$30.49

-0.26 (-0.85%)

FTCH

Farfetch

$20.30

0.58 (2.94%)

03/08/13
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  • 27

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BURG

Chanticleer Holdings

$1.02

0.04 (4.08%)

, BYND

Beyond Meat

$160.42

9.84 (6.53%)

08:48
06/27/19
06/27
08:48
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08:48
Hot Stocks
Chanticleer Holdings' brands to offer Beyond Meat burgers starting July 1 »

Chanticleer Holdings…

BURG

Chanticleer Holdings

$1.02

0.04 (4.08%)

BYND

Beyond Meat

$160.42

9.84 (6.53%)

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08:46
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The SEC to hold a program »

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LEA

Lear

$139.29

1.21 (0.88%)

08:46
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Lear initiated  »

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  • 26

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INFN

Infinera

$2.92

-0.055 (-1.85%)

08:45
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Sparkle deploys Infinera's XT-3600 for its Nibble Network »

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MLNT

Melinta Therapeutics

$5.65

-0.33 (-5.52%)

, YETI

Yeti

$27.65

0.015 (0.05%)

08:45
06/27/19
06/27
08:45
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08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

MLNT

Melinta Therapeutics

$5.65

-0.33 (-5.52%)

YETI

Yeti

$27.65

0.015 (0.05%)

ANTM

Anthem

$278.86

-6.31 (-2.21%)

APHA

Aphria

$6.97

0.04 (0.58%)

EPD

Enterprise Products

$28.93

0.25 (0.87%)

DVN

Devon Energy

$28.73

0.81 (2.90%)

AMD

AMD

$29.92

1.08 (3.74%)

PEP

PepsiCo

$132.38

-1.42 (-1.06%)

CRM

Salesforce

$148.98

-0.38 (-0.25%)

SO

Southern Company

$54.98

-1.01 (-1.80%)

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ORLY

O'Reilly Automotive

$368.10

-6.45 (-1.72%)

, AZO

AutoZone

$1,086.08

-10.86 (-0.99%)

08:44
06/27/19
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08:44
Downgrade
O'Reilly Automotive, AutoZone, Advance Auto Parts rating change  »

O'Reilly Automotive…

ORLY

O'Reilly Automotive

$368.10

-6.45 (-1.72%)

AZO

AutoZone

$1,086.08

-10.86 (-0.99%)

AAP

Advance Auto Parts

$149.99

-4.47 (-2.89%)

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GM

General Motors

$38.14

0.46 (1.22%)

08:43
06/27/19
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General Motors initiated  »

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