Loop Capital analyst Ananda Baruah maintains $Apple (AAPL.US)$ with a buy rating, and adjusts the target price from $300 to $275.
According to TipRanks data, the analyst has a success rate of 52.6% and a total average return of 10.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Apple (AAPL.US)$'s main analysts recently are as follows:
The recent fiscal Q4 report for Apple indicated that the forthcoming December quarter might see a modest downturn following a satisfactory Q4 performance. It is anticipated that Apple will experience a low- to mid-single-digit percentage increase in Q1 revenue on a year-over-year basis, which falls short of market expectations. Specifically, it is projected that iPhone revenue for Q1 will see a marginal increase of about 1%, aligning with prior indications of a subdued supply chain and lower-than-expected sell-through for the iPhone 16.
The firm is revising its future projections for the company's iPhone revenue, unit sales, and average selling prices - ASPs - downward. Additionally, while the assumed forward earnings multiple applied to the stock is at the upper end of the firm's post-COVID valuation range, the firm's new estimates for iPhone revenue are adjusted to lower figures for the years 2024 through 2026. Likewise, the firm's forecast for unit sales has been reduced along with a slight decrease in the projected average selling prices for the same period.
Note:
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