$Apple(AAPL)$ 🍎🍏🔺B̳U̳L̳L̳I̳S̳H̳🔺🍏🍎
🚨📰🗞️🚨📰🗞️🚨📰🗞️🚨📰🗞️
$AAPL $ADBE | Apple is buying popular photo editing app Pixelmator, according to Bloomberg
NEWS: Apple is taking a 20% stake in its iPhone satellite connectivity partner GlobalStar — a stake worth $400 million. GlobalStar will also receive a prepayment of $1.1 billion from Apple that is intended to improve satellite infrastructure.
Apple relies on GlobalStar’s satellites to enable to send emergency text messages, iMessage reactions, and more through the skies in areas with no cell signal.
Opinion: Long term, Starlink's direct-to-cell satellites will be the go to technology for these types of things. Nobody will be able to compete with Starlink any time soon. The coverage will be the most broad and the fastest.
Full article: theverge.com/2024/11/1/2428…
Fun fact: $AAPL beat by a penny and provided in-line guidance, but is looking to open lower on the news. That's something that has only happened four times in the past. Each time the stock was up a month later and was higher by an average of 14.3%.
$AAPL Conference Call Summary: You know, we don’t listen to all the noise out there. That would be deafening (plug our AirPods here). So unless there is something biblical or a financial crisis, we are just over here making better products and driving demand. That’s because we are more focused on being the best. Of course, we aren’t going to have the big growth of a smaller company, but we had a September-quarter record for revenue, and we grew basically everywhere around the world. This is all before we launched AI this week, which appears to be gaining excitement because OS 18.1 was adopted twice as fast as 17.1. We announced new Macs this week, which will really bring AI to the PC market. Services also hit an all-time high, our paid subscriptions hit an all-time high, and we have a record-high installed base. Even Apple Vision Pro is getting adopted by hospitals for surgical testing. That’s why we couldn’t be more excited about Apple Intelligence and the health features we are bringing, because we are driving demand. We definitely have the strongest lineup we’ve ever had going into the holiday season. Therefore, we are still going to see steady growth in the coming quarter, even though we’ve been a little constrained with the iPhone Pro and Pro Max in October, regardless of whatever noise you are hearing out there. We won’t give insight beyond this quarter, but we expect upgrades to drive strong growth.
$AAPL | Apple Analyst Revisions & Ratings 👇
🔸 Wedbush: Reiterated Outperform; PT $300
🔸 Morgan Stanley: Reiterated Overweight; PT $273
🔸 JPMorgan: Reiterated Overweight; PT $265
🔸 DA Davidson: Reiterated Buy; PT $260
🔸 BofA: Reiterated Buy; PT $256
🔸 Citi: Reiterated Buy; PT $255
🔸 Oppenheimer: Reiterated Outperform; PT $250
🔸 Piper Sandler: Reiterated Neutral; PT $225
🔸 Rosenblatt: Raised to $262 from $261 – Buy
🔸 Maxim Group: Raised to $215 from $203 – Hold
🔸 Jefferies: Cut to $211.84 from $212.92 – Hold
🔸 Barclays: Cut to $184 from $186 – UW
Median Price Target:
— Now: $255 (⬆️7)
— Previously: $248
Highest Price Target:
— Now: $300
— Previously: $300
Lowest Price Target:
— Now: $184 (🔻2)
— Previously: $186
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Modify on 2024-11-02 00:50
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Apple (AAPL) Stock Analysis
Business Overview: Apple is a multinational technology company known for its consumer electronics, software, and online services. The company has a strong presence in various markets, including smartphones, tablets, computers, wearables, and services such as Apple Music and iCloud. Apple's business growth is driven by its focus on innovation and delivering high-quality products that resonate with consumers.
Earnings Forecast: According to the earnings forecast, the projected earnings per share (EPS) for Apple in fiscal year 2027 (2027FY) is $9.22. The forecasted gross income is $483.12 billion, and the forecasted EBIT (earnings before interest and taxes) is $161.65 billion. In fiscal year 2025 (2025FY), the forecasted EPS is $7.42, the forecasted gross income is $417.98 billion, and the forecasted EBIT is $132.93 billion. In fiscal year 2026 (2026FY), the forecasted EPS is $8.30, the forecasted gross income is $450.73 billion, and the forecasted EBIT is $145.64 billion.
Analyst Recommendations: Out of 48 analysts, 24 analysts recommend buying Apple stock, 11 recommend holding, 11 recommend underperforming, and 2 recommend selling.
Analyst Target Price: The mean target price estimated by 41 analysts is $239.76, with a low target of $183.86 and a high target of $300.00.
Capital Flow Data: In the past 5 days, the capital flow data for Apple shows the following:
10/25: Net capital outflow of $70.42 million.
10/28: Net capital inflow of $122.95 million.
10/29: Net capital inflow of $92.26 million.
10/30: Net capital outflow of $158.89 million.
10/31: Net capital inflow of $124.43 million.
Profit Margin: The profit margin for Apple as of 10/31 is 55.69%.
Support and Resistance Price: The support price for Apple as of 10/31 is $225.50, while the resistance price is $227.80.
Stock Price: As of 11/01, the stock price for Apple is $222.45.
Disclaimer: The provided analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market involves risks, and stock prices can fluctuate. It is important to conduct thorough research and consider your own investment goals and risk tolerance before making any investment decisions.
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