💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

RBC: Apple core holding despite headwinds

Published 01/02/2019, 07:13 AM
© Reuters.  RBC: Apple core holding despite headwinds
AAPL
-
  • RBC Capital reiterates its Outperform rating and $220 price target for Apple (NASDAQ:AAPL) but notes that key headwinds, notably the iPhone demand concerns, will persist into this year.
  • Analyst Amit Daryanani says that if iPhone demand is "closer to the bear scenario, it could call into question AAPL’s pricing power and segmentation attempts."
  • The analyst thinks Apple could "rethink or tweak capital allocation" if the stock stays under pressure for the next few quarters.
  • But Daryanani still considers Apple a "core large-cap tech holding" on the strong balance sheet, aggressive buybacks, and ability to drive gross margins higher.
  • Source: Bloomberg First Word.
  • Apple shares are down 1.9% premarket to $154.82.
  • Now read: Apple: The Demise Of A Growth Era


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.