BofA Securities analyst Wamsi Mohan maintains $Apple (AAPL.US)$ with a buy rating, and maintains the target price at $256.
According to TipRanks data, the analyst has a success rate of 58.5% and a total average return of 11.1% 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, there's a moderate adjustment to expectations for Apple's December quarter following a satisfactory Q4, with projections indicating a single-digit year-over-year revenue growth for Q1. This is slightly below the consensus forecast. It is anticipated that Q1 iPhone revenue will see a marginal increase, aligning with earlier observations of a weaker supply chain and consumer demand for the iPhone 16.
The company's projections for iPhone revenue, unit sales, and average selling prices (ASPs) for the years 2024 to 2026 have been revised downwards. It is noted that the forward earnings multiple assumed for the stock is at the upper end of the post-COVID range that has been observed. New estimates suggest a decline in projected iPhone revenues and unit sales, with a slight decrease in the anticipated ASPs for the forthcoming years.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
