Morgan Stanley analyst Erik Woodring maintains $Apple (AAPL.US)$ with a buy rating, and maintains the target price at $273.
According to TipRanks data, the analyst has a success rate of 59.6% and a total average return of 2.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Apple (AAPL.US)$'s main analysts recently are as follows:
Post fiscal Q4, it's indicated that Apple's guidance for the December quarter has been modestly adjusted downward following a 'decent' Q4 performance. The expectation set forth by the company is for Q1 revenue to experience a low to mid-single-digit percentage increase on a year-over-year basis, which slightly lags behind market expectations. It is estimated that Q1 iPhone revenue will see a marginal rise, aligning with the observed softer supply chain dynamics and consumer demand for the iPhone 16.
The firm has revised its projections for iPhone revenue, unit sales, and average selling prices (ASPs) for the years 2024 to 2026. These adjustments reflect a more conservative stance, as the firm's updated forecasts suggest lower revenues and unit sales than previously anticipated. Specifically, the firm now anticipates iPhone revenues to reach $200.9 billion in 2024, as opposed to the earlier estimate of $209.1 billion; $211.0 billion in 2025, down from $226.5 billion; and $223.9 billion in 2026, compared to the prior forecast of $238.9 billion. Additionally, the firm has adjusted its unit sales expectations, with a 2024 forecast of 220.2 million units at an ASP of $912, down from 224.3 million units at $932; for 2025, a projection of 226 million units at an ASP of $934, decreased from 241.2 million units at $939; and for 2026, the firm sees 240 million units at an ASP of $933, compared to the previous estimate of 247 million units at $967.
Note:
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