The target price of consensus for Apple’s shares, which have CEDENARS, is US $ 233, which would imply a 9% growth from the current price.
A few days after Apple present the financial results of the second quarter, Wall Street experts are very Optimists regarding the actions of the company (which have yields)to the point that most recommend buying them because they would rise in price.
Of the analysts who follow the actions of Apple monitored by the visible Alpha platform, 75% have a purchase or equivalent recommendation About the technology company. In addition, the target price of consensus is US $ 233, which would imply a 9% growth from the current contribution.
Wall Street trusts Apple’s actions despite their challenges
The investment bank Goldman Sachswhich established a objective of Us $ 251 bullish For Apple’s shares, he stressed that “the growth of the company’s revenues should be resistant” and anticipated that the new artificial intelligence (AI) functions, such as the live translation in this year’s messages, telephone and facetime will boost the demand for iPhone updates.
For this reason, the revenues of the June quarter of Apple have increased 4%year -on -year AU $ S89,340 million, including US $ 40,230 million in iPhone sales (a growth of 2%) YU $ 26.820 million in revenue for services (a growth of 11%).
Apple Logo.jpg
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However, analysts of Morgan Stanley They warned last week that Apple faces key obstacles. The experts indicated the possible imposition of tariffs of section 232 by the Trump administration, related to national security concerns, which had a better reception in court than the specific tariffs of the country.
Waiting for AI
Even so, Morgan Stanley reiterated a purchase recommendation with a target price of US $235slightly above the consensus of analysts. Meanwhile, HSBC maintained a retention recommendation and an objective price of US $ 220, citing the same regulatory uncertainty in a recent note to its customers.
Investors will also be observing any progress (or increase in investment) in Apple Intelligence, which faced delays with Siri and limitations in China.
Anyway, although Alphabet, the Google matrix, increased its projected capital expenses au S85,000 million from the US $ 75,000 million, Apple is not expected to advance with a similar movement.
In any case, Apple’s bullish potential is indisputable. For this reason, Argentine investors can invest in the company through their transfer from a local principal account.
Source: Ambito
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