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AAPL

Apple

$204.19

-0.14 (-0.07%)

08:08
07/08/19
07/08
08:08
07/08/19
08:08

Rosenblatt sees Apple fundamentals deteriorating, downgrades to Sell

Rosenblatt analyst Jun Zhang downgraded Apple to Sell from Neutral, citing his view that its fundamental will deteriorate over the next 6-12 months. Zhang believes new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, and that service revenue growth will also decelerate. His analysis of retail data suggests overall iPhone sales were flat month-over-month in June and he expects major iPhone upgrades to be pushed out to the second half of 2020 given what are seen as limited upgrades for the new iPhone models in the fall and expectations of a 5G iPhone in 2020. While Zhang cut his rating to Sell, he does not see Apple as a stock to short, noting that the company has "plenty of cash and a meaningful stock buy back program," the analyst added. Zhang keeps a $150 price target on Apple shares, which are down $2.86, or 1.4%, to $201.37 in pre-market trading.

  • 30

    Jul

AAPL Apple
$204.19

-0.14 (-0.07%)

07/01/19
BOFA
07/01/19
NO CHANGE
Target $230
BOFA
Buy
Apple estimates lowered on China App store slowdown at BofA/Merrill
BofA Merrill Lynch analyst Wamsi Mohan said the indefinite postponement of new tariffs on $300B of Chinese imports, which would have impacted almost all of Apple's products, is a positive development that will delay the company facing a need to shift manufacturing and supply chain out of China. However, the analyst added that his analysis of third-party data on publisher revenues indicates that China App store revenue growth slowed to 19% year-over-year in May and declined further to approximately 5% year-over-year in June. Mohan lowered his estimate for June quarter services growth to 16% year-over-year from 18% and lowered his estimate for Apple Services revenue growth for the September quarter to 17% year-over-year from 21%. However, he reiterates a Buy rating and $230 price target on Apple shares.
07/02/19
SBSH
07/02/19
NO CHANGE
Target $205
SBSH
Buy
Apple consensus estimates are likely too high, says Citi
Citi analyst Jim Suva expects share price volatility in the months ahead for Apple as consensus estimates calibrate lower. Within China Apple has 12% unit share and these unit shipments could be cut in half, Suva tells investors in a research note. The analyst, however, remains optimistic on the Services segment with Apple Arcade to launch in the second half of 2019. Suva does not see multiple compression for Apple, "but rather see risk that consensus is simply too high." Despite his expectations for share volatility, the analyst keeps a Buy rating on Apple with a $205 price target. Suva points out that consensus estimates for Apple's fiscal Q3, or June, quarter are towards the mid-end of guidance with revenues at $53.35B and earnings per share at $2.10 while his estimates are lower at $52.6B and $2.06, respectively.
07/08/19
RSBL
07/08/19
DOWNGRADE
Target $150
RSBL
Sell
Apple downgraded to Sell from Neutral at Rosenblatt
Rosenblatt analyst Jun Zhang downgraded Apple to Sell from Neutral with an unchanged price target of $150.
07/08/19
WEDB
07/08/19
NO CHANGE
Target $235
WEDB
Outperform
Wedbush sees Asian checks giving confidence in Apple iPhone demand despite noise
Wedbush analyst Daniel Ives says that his firm's Asia checks over the past week suggest stable Apple iPhone demand globally heading into the crucial September quarter with some puts and takes that overall he would characterize as "better than feared" in light of the noisiest time he could remember for Cupertino. While China remains a wild card, the analyst is bullish into Apple's future heading into FY20 and beyond. Ives reiterates an Outperform rating and $235 price target on the shares.

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CMG

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Beyond Meat

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  • 29

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NFLX

Netflix

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-10.04 (-3.09%)

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  • 03

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AMZN

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-0.48 (-0.54%)

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AMZN

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$1,964.78

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FDX

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$167.08

1.69 (1.02%)

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AMZN

Amazon.com

$1,964.78

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0.33 (0.24%)

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MSFT

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ORCL

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AZN

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BHVN

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  • 09

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CE

Celanese

$107.01

0.9 (0.85%)

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  • 23

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F

Ford

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RTN

Raytheon

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UTX

United Technologies

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1.08 (0.82%)

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  • 23

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LMT

Lockheed Martin

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  • 23

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ARES

Ares Management

$28.13

-0.305 (-1.07%)

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HAFC

Hanmi Financial

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  • 23

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PAYS

Paysign

$17.49

-0.48 (-2.67%)

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MEOH

Methanex

$43.19

0.83 (1.96%)

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  • 01

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SHIP

Seanergy Marine

$0.64

-0.0425 (-6.25%)

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SONM

Sonim

$13.42

0.24 (1.82%)

16:41
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Sonim management to meet with Oppenheimer »

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KINS

Kingstone Companies

$8.81

0.09 (1.03%)

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Preliminary option volume of 22.6M today »

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