"Apple ( NASDAQ: AAPL) is gaining momentum ahead of earnings on Thursday, thanks in part to a price target boost from JPMorgan. The firm reiterated its overweight rating on Apple and raised its price target to $315 from $305 ahead of Apple's first-quarter earnings. Evercore ISI added Apple to its Tactical Outperform list, arguing that strong iPhone demand positions the company for strong earnings."
"Analysts expect Meta ( NASDAQ: META) to generate earnings of $8.29 per share, an increase of 3.4% from $8.02 per share reported year over year. For the current year, analysts forecast the company to report an EPS of $29.40, a 23.2% increase from $23.86 reported for FY 2024. EPS is expected to grow 4.2% year over year to $30.63 in fiscal 2026."
Markets show mixed performance with S&P 500 futures up about 0.2%, SPY up 0.27%, the Dow down 0.52%, and the Nasdaq up 0.57%. Apple is receiving multiple analyst upgrades and higher price targets, with JPMorgan raising its target to $315 and Evercore projecting strong iPhone-driven revenue growth and a $330 target. Citigroup and others expect unit sales above consensus. Meta is forecast to report $8.29 EPS, with analysts projecting significant multi-year EPS growth and ongoing investments in data centers, hardware, and R&D that have driven higher spending recently.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]