Barclays: Apple's multiple businesses have improved, raising the target price to $187
Barclays analyst Tim Long has raised the target price for Apple from $160 to $187, but still maintains an "underweight" rating on the stock. The analyst pointed out that after two "flat" years, Apple's revenue growth in 2025 is expected to reach 9%, with improvements in its iPhone, Mac, and services businesses. The analyst added that market expectations for Apple are rising, with hopes that the next generation iPhone with artificial intelligence can improve market sentiment. It is reported that Apple will announce its third-quarter earnings after the US stock market closes on August 2. Wall Street analysts generally expect Apple's third-quarter revenue to be $84.07 billion, with earnings per share of $1.33
According to the Zhitong Finance and Economics APP, Barclays analyst Tim Long has raised the target price for Apple (AAPL.US) from $160 to $187, but still maintains an "underweight" rating on the stock. The analyst pointed out that after two "flat" years, Apple's revenue growth in 2025 is expected to reach 9%, with improvements in its iPhone, Mac, and services businesses. The analyst added that market expectations for Apple are rising, with hopes that the next generation iPhone with artificial intelligence can improve market sentiment.
It is reported that Apple will announce its third-quarter results after the U.S. stock market closes on August 2. Wall Street analysts generally expect Apple's third-quarter revenue to be $84.07 billion, with earnings per share of $1.33