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Saturday, May 18, 2024

Apple Q2 Earnings Preview: Every Analyst Recommendation And Price Target

Courtesy of Benzinga.

Well… almost every analyst recommendation and price target. There are a lot, to make an understatement; somewhere between 40 and 50 sell-side analysts cover Apple Inc. (NASDAQ: AAPL).

The world’s largest publicly-traded company is set to report second-quarter earnings after the closing bell rings on Tuesday. Below is a quick look at a good portion of the analyst recommendations ahead of the results.

  • Drexel Hamilton – Buy, $200 price target
  • Piper Jaffray – Overweight, $172 target
  • Goldman Sachs – Buy, $155 target
  • Brean Capital – Buy, $155 target
  • Credit Suisse – Outperform, $150 target
  • Needham – Strong Buy, $150 target
  • Canaccord Genuity – Buy, $146 target
  • JP Morgan – Buy, $141 target
  • Morgan Stanley – Buy, $135 target
  • Bernstein – Buy, $135 target
  • Cowen – Buy, $135 target
  • Argus – Buy, $135 target
  • Longbow – Outperform, $135 target
  • Nomura – Buy, $135 target
  • Barclays – Overweight, $131 target
  • Citi – Buy, $130 target
  • RBC Capital – Buy, $130 target
  • BMO Capital – Buy, $130 target
  • BTIG – Buy, $130 target
  • CLSA – Buy, $128 target
  • Pacific Crest – Overweight, $127 target
  • BofA Merrill – Buy, $125 target
  • Stifel Nicoluas – Buy, $120 target
  • Oppenheimer – Buy, $120 target
  • Deutsche Bank – Hold, $105 target
  • Raymond James – Hold

Doing a little math on the above price targets, the average sell-side price target on Apple sits at around $138. With shares of Apple closing Monday’s trading session at just over $105, that average price target represents potential upside of about 31 percent.

Latest Ratings for AAPL

Date Firm Action From To
Apr 2016 Barclays Maintains Overweight
Apr 2016 BTIG Research Maintains Buy
Apr 2016 Needham Initiates Coverage on Strong Buy

View More Analyst Ratings for AAPL


View the Latest Analyst Ratings

Posted-In: Earnings News Price Target After-Hours Center Analyst Ratings

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