Figure 1 shows experts are bullish on Apple stock. Here’s why.
There is an Apple.
Apple Maven has an article titled “Why Cathie Wood Won’t Buy Apple Stock.”
The highlights of Apple’s conference.
The new MacBook Air and Pro will use the M2 chip in July. The company is moving away from Intel chips later this year.
Apple also announced updates to iPadOS, iMessage, and health features. The new features of the software will not be available until next year.
Some may have been disappointed by the lack of news on Apple’s initiatives. Developers are unlikely to start working on applications until 2023, despite the fact that there could be news on augmented and virtual reality later this year.
BofA believes there are multiple Tailwinds on hardware and services.
Wamsi Mohan’s bullishness on Apple was based on multiple tailwinds such as user growth, average selling price, and increased installed base penetration.
He highlighted Apple’s 34 million developers, the 15,000-plus apps running on Siri, and the Apple Pay Later service, which could be a positive for device sales.
Mohan had a buy recommendation and price target for Apple stock.
Apple’s ambitions in the auto industry have been noted.
Jim Suva was interested in the enhancements. Even though they won’t be available until late 2023, Apple has shown that it is working with car makers to get the iPhone operating system involved in core features that are not touched by third parties.
The analyst has a buy recommendation on Apple.
Morgan Stanley expects the keynote to be large.
Few surprises came out of this year’s WWDC, according to Katy Huberty from Morgan Stanley. The analyst highlighted the new M2 chip for the Mac and the update of the 13-inch MacBook Pro alongside the MacBook Air.
The keynote brought out the most compelling characteristic of the company, which was Apple focusing on in-house hardware and software. The analyst has a buy recommendation on Apple.
Is Apple Beating Intel in Its Own Game?
The new two models of the MacBook were seen as the big announcement of the event by the analyst.
The launches suggest that Apple is in control of its own destiny, according to Ives. The biggest supply chain crisis in modern history hasn’t stopped the company from launching new products.
The Apple Pay later opportunity is a smart strategy to penetrate Apple’s installed base. The analyst has a $200 per share price target on Apple.
There is more data and graphs to explore.
Stock Rover provides a lot of the graphs used by the Apple Maven. This platform provides a wide range of information on markets, stocks and Exchange Traded Funds. Stock Rover helps to set up detailed filters, track custom portfolios, and measure their performance against a number of benchmarks.
You can get started for as low as $7.99 a month with stockrover.com. The premium plus plan will give you access to all the data that goes into our analysis.
This is not an investment advice. The author might be long one or more of the mentioned stocks. The article may contain links. These partnerships don’t affect the editorial content. Thanks for your support of Apple Maven.