Apple Stock: Why These Analysts See 25% Upside

TheStreet2023-04-18

Apple stock favored by Wall Street analysts, with 79% recommending a buy; Tigress Financial's Ivan Feinseth projects $210 price target and $3.4 trillion market cap.Strong brand equity, high ROIC, and ...

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Comments

Booksman
2023-04-19
Booksman
Very strong moat business...with alot of new idea to surprise us...I wonder which company can compete with Apple
Longs
2023-04-19
Longs
👌🏼🙏🏼
SherryVJ
2023-04-18
SherryVJ
Ok
Steve5671
2023-04-18
Steve5671
Nice

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Tigress Financial's Ivan Feinseth projects $210 price target and $3.4 trillion market cap.Strong brand equity, high ROIC, and ...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-why-these-analysts-see-25-upside\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0234570918.USD","symbol_name":"高盛全球核心股票组合Acc Close","start_time":0,"source_url":"https://www.thestreet.com/apple/stock/apple-stock-why-these-analysts-see-25-upside","article_id":"2328477151","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2328477151","pubTimestamp":1681830900,"sourceInfo":{"source_id":"thestreet_highlight","name":"TheStreet"},"weMediaInfo":null,"summary":"Apple stock garners strong Wall Street support, with high ROIC, cash-rich balance sheet, robust iPhone 14 demand, and potential product launches driving bullish outlooks.","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4576":"AR","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4575":"芯片概念","BK4566":"资本集团","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4579":"人工智能","BK4588":"碎股","BK4550":"红杉资本持仓","BK4515":"5G概念","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4574":"无人驾驶","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4581":"高盛持仓","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4512":"苹果概念","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4170":"电脑硬件、储存设备及电脑周边","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0080751232.USD":"富达环球多元动力基金A","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0072462426.USD":"贝莱德全球配置 A2","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4554":"元宇宙及AR概念","AAPL":"苹果","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc"},"translate_title":"苹果股票：为什么这些分析师认为上涨25%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1},"content_text":"Apple stock favored by Wall Street analysts, with 79% recommending a buy; Tigress Financial's Ivan Feinseth projects $210 price target and $3.4 trillion market cap.Strong brand equity, high ROIC, and cash-rich balance sheet support future growth, acquisitions, and shareholder returns; generated $110 billion in free cash flow in fiscal 2022.Wedbush's Dan Ives sees strong iPhone 14 cycle, reacceleration of service revenues in fiscal 2024, and potential announcements like Apple Glass and new Mac devices as growth drivers.Figure 1: Apple Stock: Why These Analysts See 25% UpsideApple stock is beloved by Wall Street analysts. According to TipRanks, nearly four in five experts have a buy rating on the stock, while only a couple think that AAPL is a sell.Among the bulls, a few stand out for projecting upside potential of at least 25% from current levels. We look at their arguments below.Apple: Brand And Cash Supporting ROICThe most optimistic of sell-side bulls is Tigress Financial’s Ivan Feinseth. The analyst believes that Apple stock should be worth $210 apice, which implies upside potential of 28% and a market cap of $3.4 trillion.He starts his argument with qualitative arguments that make sense to me. Feinseth mentions “strong brand equity, driven by [the company’s] innovative ability” as a reason for ROIC (return on invested capital) to remain high.I recently talked about how Apple’s return metrics are very rich compared to its peers’. According to our partner Stock Rover, Apple’s ROIC of 59% (cash apparently not accounted for in this calculation) is twice as high as Microsoft’s 29%. See below.Figure 2: Big Tech's ROIC.Tigress’ bullish case does not end there. The analyst also sees Apple’s cash-rich balance sheet as a positive for “future growth, acquisitions, and higher shareholder returns.”To be fair, the Cupertino company’s cash pile of $54 billion, net of debt, is substantially lower than it once was. Apple continues to return massive amounts of money to shareholders via stock repurchases and, to a lesser extent, dividends.But cash for future growth projects does not seem to be a problem. In fiscal 2022, Apple produced more than $110 billion in free cash flow, a good bit more than an already impressive $93 billion in fiscal 2021.For reference, Apple’s 2022 free cash flow generation alone was larger than the entire market value of General Electric  (GE) or American Express  (AXP).Apple: Strong iPhone 14 CycleThe second most bullish AAPL analyst on the Street is a good friend of this channel: Wedbush’s Dan Ives – check out his 24-minute long interview with me here. The analyst thinks that AAPL is worth $205 apiece for implied market cap of $3.3 trillion.Apple is Ives’ top tech pick for 2023, according to his most recent report. The bump in target price from $190 to $205 happened in early April and was driven by positive channel checks for the iPhone 14. His quote:“[We] surprisingly have seen no major production cuts as global consumer demand is holding up well despite the macro storm clouds. While Apple clearly has benefited this quarter from December unit shortages that slipped into January/February, we have seen China iPhone demand in particular see a clear tick up this quarter with a strong month of March and is music to the ears of investors.”The bullish case does not end there. Webush also bases its buy rating on reacceleration of service revenues in fiscal 2024. This should be supported by “another 100 million-plus new iPhone users on the Apple ecosystem added over the past 15 months” plus price increases.Lastly, growth opportunities should come from a series of announcements that Dan Ives sees lurking around the corner.The most immediate one is the launch of the yet-to-be-named Apple Glass, which could happen during June’s WWDC event. Hardware subscription, new AI functionality announced in the Fall, and new Mac devices in 2023 are the other key catalysts, according to Ives.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9944236982,"gmtCreate":1681864617847,"gmtModify":1681864621669,"author":{"id":"3579036207812229","authorId":"3579036207812229","name":"Booksman","avatar":"https://static.itradeup.com/news/36b1e122ede185cebac64d58935ef847","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3579036207812229","idStr":"3579036207812229"},"htmlText":"Very strong moat business...with alot of new idea to surprise us...I wonder which company can compete with Apple","listText":"Very strong moat business...with alot of new idea to surprise us...I wonder which company can compete with Apple","text":"Very strong moat business...with alot of new idea to surprise us...I wonder which company can compete with Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944236982","repostId":2328477151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944206717,"gmtCreate":1681857547040,"gmtModify":1681857552331,"author":{"id":"4115290449563752","authorId":"4115290449563752","name":"Longs","avatar":"https://community-static.tradeup.com/news/824b5073731ab909a8d4e129caa8d995","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"4115290449563752","idStr":"4115290449563752"},"htmlText":"👌🏼🙏🏼","listText":"👌🏼🙏🏼","text":"👌🏼🙏🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944206717","repostId":2328477151,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944620859,"gmtCreate":1681832024372,"gmtModify":1681832027553,"author":{"id":"3586426326873853","authorId":"3586426326873853","name":"SherryVJ","avatar":"https://community-static.tradeup.com/news/1881722e980e541f3c66ed217d5b91c6","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3586426326873853","idStr":"3586426326873853"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944620859","repostId":2328477151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944667331,"gmtCreate":1681831502523,"gmtModify":1681831505941,"author":{"id":"3585705195942592","authorId":"3585705195942592","name":"Steve5671","avatar":"https://static.tigerbbs.com/26f3c3a8bba7a9fc2e417ccca23731c2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3585705195942592","idStr":"3585705195942592"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944667331","repostId":2328477151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":59,"commentSize":4,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2328477151"}