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stock market news: Apple shares jumps 4% after TD Cowen analysts reiterated their “Buy” rating and raised price target to $250; here’s what is going for the iPhone maker
Apple’s stock surged 4% on Tuesday after TD Cowen analysts maintained their “Buy” rating and raised the price target to $250, according to a report.
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FAQs
What is Apple’s revenue forecast for the December quarter?
TD Cowen analysts forecast that Apple’s revenue will grow 4% year-over-year in the December quarter. How will Apple get more consumer demand?
Apple’s AI initiatives, like its AFM LLM, will drive innovation and increase consumer demand for new devices.
Revenue forecast
The company will report its revenue for the December quarter and analysts forecast a 4% year-over-year revenue growth, reported GuruFocus. Analysts also expect mid-single-digit percentage growth guidance for the March 2025 quarter, the report added. Also Read: No more income tax in the USA? Here's what President Donald Trump is proposingAnalysts' prediction
TD Cowen analysts predict that the potential impact of AI advancements, particularly affordable models, could prompt more device upgrades in the 2025 calendar year. Apple’s AI efforts, like its AFM LLM, are expected to fuel innovation and drive consumer demand, reported GuruFocus. Analysts predict a 12% revenue growth in Apple's Services segment in the December quarter, as per the report.Apple’s focus on integrating AI into its ecosystem has led the company to continued success, according to GuruFocus. While there could be some regulatory challenges ahead, Apple’s strategic moves are fueling investor confidence, and shares remain strong as a result.
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FAQs
What is Apple’s revenue forecast for the December quarter?TD Cowen analysts forecast that Apple’s revenue will grow 4% year-over-year in the December quarter. How will Apple get more consumer demand?
Apple’s AI initiatives, like its AFM LLM, will drive innovation and increase consumer demand for new devices.
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Apple shares saw a significant 4% jump in trading today after analysts at TD Cowen reiterated their "Buy" rating on the tech giant and raised their price target to $250. This news comes as a welcome boost for Apple investors, who have been closely watching the company's performance in recent months. So what is driving this positive outlook for Apple? Analysts at TD Cowen pointed to several factors that are working in the iPhone maker's favor. Firstly, Apple's strong product lineup, including the successful launch of the iPhone 13 and the upcoming release of the new MacBook Pro, is expected to drive growth in the coming quarters. Additionally, Apple's services business continues to be a key revenue driver for the company, with offerings such as Apple Music, Apple TV+, and Apple Arcade all seeing strong subscriber growth. The recent announcement of the Apple One bundle, which combines multiple services into one subscription, is also expected to further boost the company's services revenue. Furthermore, Apple's strong balance sheet and cash reserves provide the company with ample resources to invest in research and development, as well as potential acquisitions that could drive future growth. Overall, analysts at TD Cowen remain bullish on Apple's prospects and believe that the company is well-positioned for continued success in the coming years. With a raised price target of $250, investors can expect to see further gains in Apple's stock price in the near future.
Tags:
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