Analysts Updates AAPL Price Targets for Upcoming Earnings Report
Wednesday, 1 May 2024, 13:00
Analysts revise Apple stock price targets amidst earnings
Though known for over a decade as the stock every investor should own, Apple (NASDAQ: AAPL) has been on a substantial downtrend with neither of its two rallies - as Jim Cramer himself predicted in the latter case - managing to hold.
Indeed, after getting a short-term boost upon intensifying its artificial intelligence (AI) discussion and again after Bernstein upgraded its assessment, Apple is set for another potential make or break moment for the first half of 2024 - its Q1 earnings report.
- Bernstein’s Toni Sacconaghi opined that AAPL shares are now poised for a surge and will rise to $195 - an 11.54% increase from their press time price of $170.01.
- Citigroup’s (NYSE: C) Atif Malik downgraded AAPL price target from $220 to $210, though Citi maintained a buy rating.
- Analysts forecast AAPL EPS at $1.51 for Q1, with longer-term projections indicating a more bullish outlook for the tech giant.
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