What To Expect From Apple's FQ4 Earnings?
Portfolio Pulse from Anusuya Lahiri
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Apple Inc (NASDAQ:AAPL) with a price target of $265, citing a favorable outlook on the iPhone cycle and resilience in Services revenues. The analyst expects Apple to surpass September quarter estimates but provides conservative guidance for December. AAPL stock is up 1.42% at $234.69.
October 28, 2024 | 6:22 pm
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JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Apple with a $265 price target, driven by a positive outlook on the iPhone cycle and Services revenue. September quarter results are expected to exceed estimates, but December guidance may be conservative.
The analyst's positive outlook on Apple's iPhone cycle and Services revenue, along with the maintained Overweight rating and increased price target, suggests a bullish sentiment. The expectation of surpassing September quarter estimates further supports a positive short-term impact on AAPL's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100