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Nasdaq AAPL Apple

Could NFL Sunday Ticket End Up on Apple TV+?

5 years 3 months ago
Apple (NASDAQ: AAPL) is throwing its hat into the ring in the bidding war for the NFL's Sunday Ticket package, according to a report from The Information. Sunday Ticket includes every out-of-market game, and it's currently only available to AT&T's (NYSE: T) DirecTV subscribers.
The Motley Fool

3 Dividend-Paying Tech Stocks to Buy in July

5 years 3 months ago
Tech stocks that pay dividends are often overlooked by the market. After all, tech companies usually start paying dividends when they run out of room to expand, and tech investors often favor growth over stability. Income-seeking investors might also flock toward higher yields in
The Motley Fool

Here's Why Apple Stock Has Room to Run Higher

5 years 3 months ago
The iPhone 6 series was a landmark device for Apple (NASDAQ: AAPL) when it was launched in September of 2014, as it marked the company's transition toward bigger screens. The iPhone 6 and the bigger iPhone 6 Plus were runaway hits among consumers: Apple sold 10 million units of t
The Motley Fool

Is This Apple Supplier a Buy Before Its Next Earnings Report?

5 years 3 months ago
Skyworks Solutions (NASDAQ: SWKS) didn't get much love from investors at the end of April despite delivering a solid set of earnings results that cleared Wall Street's expectations. Share prices of the chipmaker fell substantially after its Q2 earnings report nearly three months
The Motley Fool

Apple Stock: Next Stop, $175?

5 years 3 months ago

So, Apple (AAPL) is having a bad year, you say? Not long ago, the talk on Wall Street was all about the tech giant’s uncharacteristically underperforming stock, especially when compared to some of the other mega-caps’ displays in 2021.

With shares hitting an all-time high this week and the gap in performance narrowing over the past month, that conversation can now be put to rest.

The uptick has coincided with reports Apple has boosted the production rate of its iPhones, instructing manufacturers to build 90 million iPhones this year, a 20% increase on the 75 million units it produced last year.

The renewed optimism in all things Apple is not surprising to J.P. Morgan’s Samik Chatterjee. The analyst recently told investors Apple is well set up to outperform in 2H21. In fact, the growing confidence means Chatterjee has added Apple to the firm’s Analyst Focus List as “a Growth idea.”

“The recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print,” the 5-star analyst said, confirming Apple is also a Top Pick.

To reflect the increase in build rates, Chatterjee has “modestly” increased iPhone volume expectations, but of more importance to the analyst is the “path to upside” for the shares in the medium-term.

This is because of the potential for better iPhone 12 sales but also due to what Chatterjee considers are low expectations from the iPhone 13’s fall launch, which could create “another leg to the upside opportunity.”

It’s a potent mix which is given additional allure with the launch of the iPhone SE3 next year and means Apple can “not only pleasantly surprise with a more robust iPhone 13 cycle, but also has the opportunity to drive material upside to consensus expectations for FY22.”

To this end, Chatterjee rates Apple shares an Overweight (i.e. Buy), while slightly lifting the price target from $170 to $175. The revised figure implying shares will add 19.5% from current levels. (To watch Chatterjee’s track record, click here)

So, that’s J.P. Morgan’s view, what does the rest of the Street have in mind for Apple? Based on 20 Buys, 5 Holds and 2 Sells, the stock currently has a Moderate Buy consensus rating. The forecast is for shares to appreciate by 8% over the coming months, given the average price target clocks in at $158.62. (See Apple stock analysis on TipRanks)

To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

TipRanks

Buy This Stock Before It Becomes a Dividend Aristocrat

5 years 3 months ago
Studies show that companies that grow their dividends annually outperform non-dividend payers over the long term. They have also outperformed dividend payers that aren't consistently raising their distributions. That's why many investors focus on Dividend Aristocrats, companies t
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