These reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports are a sampling of analysts' thinking; they should not be considered the views or recommendations of Barron's. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
Apple -- AAPL-Nasdaq Outperform -- $258.86 on April 7 by Evercore ISI Nikkei recently reported that Apple may delay the launch of its first-ever foldable iPhone due to engineering challenges. The widely anticipated foldable model is expected to launch in September, alongside Apple's new iPhone 18 Pro models. According to Nikkei's sources, engineering issues around the development of the foldable iPhone are taking longer to resolve, with the worst-case scenario delaying the first set of shipments by months.
From our perspective, a delay to the new foldable model would be surprising....Nikkei has historically run stories on iPhone production cuts/raises that have not consistently proven accurate. We expect the launch of Apple's new foldable iPhone to remain slated for a September release and would be surprised by any material delay.
Target price/base case: $330.
Levi Strauss -- LEVI-NYSE Buy -- $19.71 on April 8 by TD Cowen First-quarter 2026 delivered 9% organic growth across regions (Americas 7%, Europe 10%, Asia 12%), categories (Levi's 9%), and channels (DTC 10%, Wholesale 8%). Selling, general, and administrative expenses deleveraged about 70 basis points due to higher advertising and promotions, yielding earnings per share of 42 cents versus Street's 37 cents. Fiscal-2026 EPS guidance was raised by four cents (about 2%) at the midpoint despite a five-cent (about 12%) first-quarter EPS beat versus Street. We like Levi's premium denim share leadership (16 consecutive quarters of positive direct-to-consumer comps), focus on working capital discipline and unified product lines, and continued product and lifestyle innovation. Meanwhile, we see incremental opportunity from increasing inventory efficiency, markdown optimization, and deeper loyalty-driven personalization to lift in-store conversion and units per transaction.
Target price: $26.
DeFi Technologies -- DEFT-Nasdaq Buy -- $0.76 on April 8 by Benchmark Equity Research Following a series of delayed filings, DeFi Technologies' audited fourth-quarter 2025 results, recently released and dissected on its earnings call, confirmed that the digital asset platform during fiscal 2025 posted a record $99.1 million in revenue and $62.7 million in net income. Yet, as management spoke during the call, the narrative was focused on the sobering reality of DeFi's "show me" story. With an exceptionally strong balance sheet but a stock price languishing below the dollar mark, the company is undertaking an ambitious global expansion even as it continues to face headwinds from the ongoing "crypto winter."
Target price: $3.
Pinnacle West Capital -- PNW-NYSE Buy -- $102.28 on April 8 by Siebert Williams Shank While we have somewhat reduced our 2026-27 outlook [for utility holding company Pinnacle West Capital], we believe that likely favorable weather and our conservative expectations for both forward equity dilution and the pending base rate case may provide material upside potential to our outlook. Over the prospective five years, we are lifting our EPS growth estimate to 7.3% from 6.9%. The increase in our growth expectations also has implications for our valuation of Pinnacle shares. We reiterate our Buy rating while raising our target price to $118 from $102, based on our revised 2027 fundamental estimates and valuation outlook.
Gloo Holdings -- GLOO-Nasdaq Buy -- $5.79 on April 8 by Mizuho [Faith technology platform] Gloo Holdings is visibly executing on its game plan with high attentiveness to exceeding initial-public-offering expectations even against high-results divergence among software and internet companies. The Gloo 360 approach provides comprehensive artificial-intelligence-enabled software solutions within a likely highly recession-resistant "faith and flourishing" vertical.
We expect a reaffirmation of the company's strategies during its April 14 fiscal fourth-quarter 2025 conference call, although strong results were preannounced on March 2. New mergers-and-acquisitions and seller deal receptivity alongside favorable pricing are apt to be points of particular interest.
Target price: $14.
FuboTV -- FUBO-NYSE Outperform -- $12.07 on April 7 by Barrington Research FuboTV updated its expectations for the combined company, now expecting Ebitda of $80 million to $100 million for fiscal 2026, improving to $300 million for fiscal 2028....
We remain supportive of the overall thesis on FuboTV. The greater scale and the potential for stronger advertising monetization create opportunities for improved profitability. We estimate that at current levels, the stock trades at roughly 18 times next-12-months Ebitda. Our target estimates this to move to roughly eight times 2027 Ebitda, and could move lower as the company progresses, with integration with Walt Disney's ad operations, and uplift of the rate on Hulu subscribers, though there is risk associated with being a controlled company.
Content renewal is an area of uncertainty where the company expects some benefit to profitability, particularly for the Fubo service, though the ultimate benefit remains uncertain.
Target price: $16.
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(END) Dow Jones Newswires
April 10, 2026 19:46 ET (23:46 GMT)
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