Why One Analyst Thinks Apple Shares Still Look Cheap

Barrons2021-03-17

Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163. In an exhaustive ...

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Comment（12）

Chillman
·2021-03-17
Apple is an giant tech which can hold for long term
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Holla
·2021-03-17
Like my comment if u long Apple!
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1
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KageL
·2021-03-17
Like and comment thanks ?
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2
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- Fredwkh:
  Kkkk
  2021-03-17
  Reply
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wc77
·2021-03-17
wow
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1
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Khay
·2021-03-17
Apple pls drive your car to the moon
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3
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- dandan_4896:
  i love u
  2021-03-17
  Reply
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T20211126001
·2021-03-17
Help to like my comment thanks
Reply
7
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- KageL:
  done
  2021-03-17
  Reply
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- Alvin1975:
  Like and comment plS
  2021-03-17
  Reply
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- Khay:
  pls do the same, thanks
  2021-03-17
  Reply
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Cinnamoon
·2021-03-17
Like and comment.New price target has been raised by AAPL is alr a mature company
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4
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- KageL:
  commend on mine thanks
  2021-03-17
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Linkingdots
·2021-03-17
Really now?
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5
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Sumei
·2021-03-17
Apple is a stalwart! Love their products, lovetheir stock!
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3
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KCNG
·2021-03-17
Yes
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6
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- NicSim:
  Need like and comment
  2021-03-17
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- Alvin1975:
  Like and commEnt pls
  2021-03-17
  Reply
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- KingMeng:
  like and comment pls. thanks!
  2021-03-17
  Reply
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Xgj53bh
·2021-03-17
support!
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3
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- KingMeng:
  same!
  2021-03-17
  Reply
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ALT
·2021-03-17
Hopefully! Please like and comment
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4
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- KingMeng:
  done! pls do the same :)
  2021-03-17
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But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","kind":"news","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":324385505,"gmtCreate":1615964286607,"gmtModify":1704789003763,"author":{"id":"3558275010133966","authorId":"3558275010133966","name":"Chillman","avatar":"https://static.tigerbbs.com/26d692768260a0369516e9c9a49897ec","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3558275010133966","authorIdStr":"3558275010133966"},"htmlText":"Apple is an giant tech which can hold for long term","listText":"Apple is an giant tech which can hold for long term","text":"Apple is an giant tech which can hold for long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324385505","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324315692,"gmtCreate":1615963100016,"gmtModify":1704788989073,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"htmlText":"Like my comment if u long Apple!","listText":"Like my comment if u long Apple!","text":"Like my comment if u long Apple!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324315692","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324335513,"gmtCreate":1615961780132,"gmtModify":1704788975921,"author":{"id":"3577968507475807","authorId":"3577968507475807","name":"KageL","avatar":"https://static.tigerbbs.com/b278e1c57ec07aba0c83745974e3c2a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577968507475807","authorIdStr":"3577968507475807"},"htmlText":"Like and comment thanks ?","listText":"Like and comment thanks ?","text":"Like and comment thanks ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324335513","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3815068,"gmtCreate":1615965548861,"gmtModify":1680780682272,"authorId":3570424148942091,"author":{"id":3570424148942091,"idStr":"3570424148942091","authorId":3570424148942091,"name":"Fredwkh","avatar":"https://static.tigerbbs.com/301d103aff8ff9955978aa630ee85588","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324335513,"type":1,"supId":0,"prevId":0,"content":"Kkkk","text":"Kkkk","html":"Kkkk"}],"langContent":"EN"},{"id":324397367,"gmtCreate":1615960557059,"gmtModify":1704788962474,"author":{"id":"3576029059404897","authorId":"3576029059404897","name":"wc77","avatar":"https://static.tigerbbs.com/9ece187c7197f1ec611a9df7730f776e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576029059404897","authorIdStr":"3576029059404897"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324397367","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324394403,"gmtCreate":1615960532802,"gmtModify":1704788962640,"author":{"id":"3575509965500620","authorId":"3575509965500620","name":"Khay","avatar":"https://static.tigerbbs.com/7697911666e72aa44cf5e42a7288913f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575509965500620","authorIdStr":"3575509965500620"},"htmlText":"Apple pls drive your car to the moon","listText":"Apple pls drive your car to the moon","text":"Apple pls drive your car to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324394403","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3814776,"gmtCreate":1615961737023,"gmtModify":1680780678095,"authorId":3576232257279797,"author":{"id":3576232257279797,"idStr":"3576232257279797","authorId":3576232257279797,"name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324394403,"type":1,"supId":0,"prevId":0,"content":"i love u","text":"i love u","html":"i love u"}],"langContent":"EN"},{"id":324398593,"gmtCreate":1615959802012,"gmtModify":1704788956553,"author":{"id":"3575955563694893","authorId":"3575955563694893","name":"T20211126001","avatar":"https://static.tigerbbs.com/42cf33544f719c12b3a2aa7e6bd084b1","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":0,"idStr":"3575955563694893","authorIdStr":"3575955563694893"},"htmlText":"Help to like my comment thanks","listText":"Help to like my comment thanks","text":"Help to like my comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/324398593","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3814804,"gmtCreate":1615961930153,"gmtModify":1680780678975,"authorId":3577968507475807,"author":{"id":3577968507475807,"idStr":"3577968507475807","authorId":3577968507475807,"name":"KageL","avatar":"https://static.tigerbbs.com/b278e1c57ec07aba0c83745974e3c2a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324398593,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"},{"id":3814773,"gmtCreate":1615961713331,"gmtModify":1680780677717,"authorId":3573788625955643,"author":{"id":3573788625955643,"idStr":"3573788625955643","authorId":3573788625955643,"name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324398593,"type":1,"supId":3814676,"prevId":0,"content":"Like and comment plS","text":"Like and comment plS","html":"Like and comment plS"},{"id":3814676,"gmtCreate":1615960482351,"gmtModify":1680780670956,"authorId":3575509965500620,"author":{"id":3575509965500620,"idStr":"3575509965500620","authorId":3575509965500620,"name":"Khay","avatar":"https://static.tigerbbs.com/7697911666e72aa44cf5e42a7288913f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324398593,"type":1,"supId":0,"prevId":0,"content":"pls do the same, <u>thanks</u>","text":"pls do the same, <u>thanks</u>","html":"pls do the same, <u>thanks</u>"}],"langContent":"EN"},{"id":324398952,"gmtCreate":1615959672376,"gmtModify":1704788956059,"author":{"id":"3575256910067021","authorId":"3575256910067021","name":"Cinnamoon","avatar":"https://static.tigerbbs.com/a2795c1e4a72d648f0a19fab08a62589","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575256910067021","authorIdStr":"3575256910067021"},"htmlText":"Like and comment.New price target has been raised by AAPL is alr a mature company","listText":"Like and comment.New price target has been raised by AAPL is alr a mature company","text":"Like and comment.New price target has been raised by AAPL is alr a mature company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324398952","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3814794,"gmtCreate":1615961845142,"gmtModify":1680780682194,"authorId":3577968507475807,"author":{"id":3577968507475807,"idStr":"3577968507475807","authorId":3577968507475807,"name":"KageL","avatar":"https://static.tigerbbs.com/b278e1c57ec07aba0c83745974e3c2a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324398952,"type":1,"supId":0,"prevId":0,"content":"commend on mine <u>thanks</u>","text":"commend on mine <u>thanks</u>","html":"commend on mine <u>thanks</u>"}],"langContent":"EN"},{"id":324391262,"gmtCreate":1615959626956,"gmtModify":1704788954908,"author":{"id":"3562658670536698","authorId":"3562658670536698","name":"Linkingdots","avatar":"https://static.tigerbbs.com/efc978f3602e0a0e36501c648f58ed8f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562658670536698","authorIdStr":"3562658670536698"},"htmlText":"Really now?&nbsp;","listText":"Really now?&nbsp;","text":"Really now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324391262","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324393240,"gmtCreate":1615959568980,"gmtModify":1704788953923,"author":{"id":"3566259831309087","authorId":"3566259831309087","name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3566259831309087","authorIdStr":"3566259831309087"},"htmlText":"Apple is a stalwart! Love their products, lovetheir stock!","listText":"Apple is a stalwart! Love their products, lovetheir stock!","text":"Apple is a stalwart! Love their products, lovetheir stock!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324393240","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324399448,"gmtCreate":1615959488984,"gmtModify":1704788952780,"author":{"id":"3564539038897071","authorId":"3564539038897071","name":"KCNG","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3564539038897071","authorIdStr":"3564539038897071"},"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/324399448","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3814764,"gmtCreate":1615961554736,"gmtModify":1680780678897,"authorId":3556756933727652,"author":{"id":3556756933727652,"idStr":"3556756933727652","authorId":3556756933727652,"name":"NicSim","avatar":"https://static.tigerbbs.com/8a2eb1c00bed3f70acf947d23464c403","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324399448,"type":1,"supId":0,"prevId":0,"content":"Need like and <u>comment</u>","text":"Need like and <u>comment</u>","html":"Need like and <u>comment</u>"},{"id":3814783,"gmtCreate":1615961774260,"gmtModify":1680780677065,"authorId":3573788625955643,"author":{"id":3573788625955643,"idStr":"3573788625955643","authorId":3573788625955643,"name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324399448,"type":1,"supId":0,"prevId":0,"content":"Like and commEnt pls","text":"Like and commEnt pls","html":"Like and commEnt pls"},{"id":3814619,"gmtCreate":1615959538436,"gmtModify":1680780673735,"authorId":3555321706323687,"author":{"id":3555321706323687,"idStr":"3555321706323687","authorId":3555321706323687,"name":"KingMeng","avatar":"https://static.tigerbbs.com/2a4230fd8d7c8381fff3acc8774ac46e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324399448,"type":1,"supId":0,"prevId":0,"content":"like and comment pls. thanks!","text":"like and comment pls. thanks!","html":"like and comment pls. thanks!"}],"langContent":"EN"},{"id":324399078,"gmtCreate":1615959398794,"gmtModify":1704788951800,"author":{"id":"3558254567284585","authorId":"3558254567284585","name":"Xgj53bh","avatar":"https://static.tigerbbs.com/7818f9e64ba2eec5a82c00bd8793dc68","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3558254567284585","authorIdStr":"3558254567284585"},"htmlText":"support!&nbsp;","listText":"support!&nbsp;","text":"support!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324399078","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3814620,"gmtCreate":1615959547885,"gmtModify":1680780669427,"authorId":3555321706323687,"author":{"id":3555321706323687,"idStr":"3555321706323687","authorId":3555321706323687,"name":"KingMeng","avatar":"https://static.tigerbbs.com/2a4230fd8d7c8381fff3acc8774ac46e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324399078,"type":1,"supId":0,"prevId":0,"content":"same!","text":"same!","html":"same!"}],"langContent":"EN"},{"id":324307757,"gmtCreate":1615959265879,"gmtModify":1704788950477,"author":{"id":"3575346220147121","authorId":"3575346220147121","name":"ALT","avatar":"https://static.tigerbbs.com/8be5ce591282da3fbb11ca2132a854e2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575346220147121","authorIdStr":"3575346220147121"},"htmlText":"Hopefully! Please like and comment&nbsp;","listText":"Hopefully! Please like and comment&nbsp;","text":"Hopefully! Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324307757","repostId":1128610365,"repostType":4,"repost":{"id":"1128610365","kind":"news","pubTimestamp":1615958862,"share":"https://ttm.financial/m/news/1128610365?lang=&edition=fundamental","pubTime":"2021-03-17 13:27","market":"us","language":"en","title":"Why One Analyst Thinks Apple Shares Still Look Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1128610365","media":"Barrons","summary":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his ","content":"<p>Apple&nbsp;shares are getting a boost Tuesday from&nbsp;Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.</p>\n<p>In an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”</p>\n<p>The analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&amp;P 500—creating concerns about the stock’s potential for 2021, in particular as&nbsp;the iPhone 12 cycle&nbsp;plays out. But he thinks the concern is misplaced.</p>\n<p>Daryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.</p>\n<p>Apple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue&nbsp;of about $54 billion.</p>\n<p>Daryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.</p>\n<p>The Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.</p>\n<p>Not least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.</p>\n<p>Daryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.</p>\n<p>His view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like&nbsp;Coca-Cola(KO) and&nbsp;PepsiCo(PEP), and luxury-goods companies like&nbsp;LVMH(MC.France),Hermès International(RMS.France), and&nbsp;Estee Lauder(EL).&nbsp;</p>\n<p>Apple shares are up 1.3%, at $125.57, in recent trading. </p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Analyst Thinks Apple Shares Still Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Analyst Thinks Apple Shares Still Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/why-one-analyst-thinks-apple-shares-still-look-cheap-51615912098?mod=hp_DAY_14","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128610365","content_text":"Apple shares are getting a boost Tuesday from Evercore ISI analyst Amit Daryanani, who repeated his Outperform rating on the stock while lifting his price target to $175 from $163.\nIn an exhaustive 126-page report, Daryanani asserts that Apple (ticker: AAPL) “remains positioned to sustain mid-single digit sales and mid-teens total return over the next several years.”\nThe analyst notes that Apple shares had a strong year in 2020, rallying 81%—five times the return of theS&P 500—creating concerns about the stock’s potential for 2021, in particular as the iPhone 12 cycle plays out. But he thinks the concern is misplaced.\nDaryanani projects Apple can reach more than $7 a share in profits by the September 2025 fiscal year, up from a Wall Street analyst consensus view of $4.45 a share for fiscal 2021—driven by a combination of better monetization of the installed base with services and wearables, gross margin expansion, stock buybacks, and new products.\nApple has a path to $100 billion in revenue from services by fiscal 2025, he argues, driving margin expansion and smoothing out the more cyclical hardware business.Apple had fiscal-2020 services revenue of about $54 billion.\nDaryanani thinks the wearables business can expand to $70 billion, up from $31 billion in fiscal 2020, given relatively low penetration of Apple Watch and AirPods among iPhone users.\nThe Evercore analyst sees four important potential new sources of growth in healthcare, advertising, cars, and augmented and virtual reality.\nNot least, he thinks Apple will buy back close to $500 billion more of its stock through fiscal 2025—close to 25% of the company’s current market valuation. He notes that Apple has repurchased $253 billion of stock since it announced an intention to reach a net neutral cash position—about 94% of free cash flow. Given the company’s interest in reducing its cash position, he sees the pace of buybacks accelerating to 112% of free cash flow.\nDaryanani asserts that looking at historical valuations isn’t the best method for valuing Apple shares as the story shifts more to services and capital allocation. “While the rapid rerating has led to calls that Apple is overvalued, we think a multiple in the mid-to-high 30s will be the new normal as investors come to appreciate Apple’s ability to monetize its install base while continuing to release category-defining products and services,” he writes.\nHis view is that the stock should trade like a consumer-goods company—and that it makes more sense to value the business as a multiple of free cash flow rather than earnings. On that basis, Daryanani writes, the stock trades at a “notable discount” to both consumer-goods companies like Coca-Cola(KO) and PepsiCo(PEP), and luxury-goods companies like LVMH(MC.France),Hermès International(RMS.France), and Estee Lauder(EL). \nApple shares are up 1.3%, at $125.57, in recent trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3814624,"gmtCreate":1615959569542,"gmtModify":1680780672227,"authorId":3555321706323687,"author":{"id":3555321706323687,"idStr":"3555321706323687","authorId":3555321706323687,"name":"KingMeng","avatar":"https://static.tigerbbs.com/2a4230fd8d7c8381fff3acc8774ac46e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324307757,"type":1,"supId":0,"prevId":0,"content":"done! pls do the same :)","text":"done! pls do the same :)","html":"done! pls do the same :)"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":32,"commentSize":12,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}