- 1 Apple price target raised to $200 from $175 at Deutsche Bank
- 2 Apple weighs delaying launch of mixed-reality headset, Bloomberg reports
- 3 Evercore says Apple App Store growth slowed in December
- 4 Apply Chip Shortage Delays
- 5 📺 APPLE STOCK ANALYSIS (AAPL): Buy Now or Wait for Dip? Intrinsic Value Calculation!
- 6 📈 AAPL Stock Technical Analysis
Nancy Pelosi sold up to $2 million worth of AAPL stock on December 30, 2021. The filings state that the proceeds went to “Contribution of 3K shares held personally to the Paul F Pelosi Endowed Fund Georgetown University (AAPL)” and “Contribution of 3K shares held personally to Trinity College (AAPL)”. Seems a bit creepy how much democrats influence the education system in the US.
Apple price target raised to $200 from $175 at Deutsche Bank
On January 18, 2022, Deutsche Bank analyst Sidney Ho raised the firm’s price target on Apple to $200 from $175 and keeps a Buy rating on the shares. Considering a “healthy demand backdrop” and Apple’s “strong” portfolio across its product lines, the Street estimate for 2022 revenue growth of only 5% is too low with the push-out of some revenue from 2021 already accounting for three percentage points of growth, Ho tells investors in a research note. As such, the analyst believes there is an upward bias to Apple’s estimates as we go through the year. While supply chain constraints are a near-term headwind to revenue, Apple’s supply chain has improved at a faster pace, with iPhone wait times shortening to only a few days, and that should be enough to drive a “beat-and-raise,” Ho says. Further, he thinks Apple shares will “benefit from a flight to quality in an inflationary environment.”
Apple weighs delaying launch of mixed-reality headset, Bloomberg reports
On January 14, 2022, Apple is considering pushing back the launch of its mixed-reality headset by at least a few months, Mark Gurman, Takashi Mochizuki and Debby Wu of Bloomberg reports, citing people familiar with the situation. The headset was targeted for an unveiling at Apple’s annual Worldwide Developers Conference in June, followed by a release later in the year. But development challenges related to overheating, cameras and software could push the announcement until the end of 2022 or later, with the product hitting shelves by 2023, sources told Bloomberg. Apple hasn’t discussed the headset publicly, but the product has been years in the making and already delayed before, Bloomberg points out.
Evercore says Apple App Store growth slowed in December
On January 4, 2021, Evercore ISI analyst Amit Daryanani estimates that Apple’s App Store revenue slowed to a growth rate of 9% in December. While he expected App Store growth to decelerate in both Q4 of 2021 and Q1 of 2022, single digits is lower than his expectation for growth of 10%-15% last month and “makes December the first month of single-digit App Store growth over the last 10 years,” Daryanani tells investors. Still, the analyst, who “would caution investors against reading too much into a single month” and noted that App Store revenue was still up 20% for the year, said App Store growth was still high enough to support his roughly 18% Services growth forecast. He maintains an Outperform rating and $200 price target on Apple shares.
Apply Chip Shortage Delays
According to a report from Bloomberg at the end of December 2021, Apple has had to cut down production of its latest flagship range due to a lack of parts. While Apple reportedly wanted to produce 90 million iPhones before the end of this year, that number has apparently now been reduced to 80 million — an 11% drop. Source: https://www.bloomberg.com/news/articles/2021-10-12/apple-poised-to-slash-iphone-production-goals-due-to-chip-crunch?sref=HrWXCALa
📺 APPLE STOCK ANALYSIS (AAPL): Buy Now or Wait for Dip? Intrinsic Value Calculation!
📈 AAPL Stock Technical Analysis
The long-term trend is positive and the short-term trend is neutral. AAPL is one of the better-performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 80% of 36 stocks in the same industry. AAPL is currently trading in the upper part of its 52-week range. The S&P500 Index is also trading in the upper part of its 52-week range, so AAPL is performing more or less in line with the market.
There is support at 161.59 from a trend line in the daily time frame. There is also support at 158.65 from a trend line in the weekly time frame. There is also support at 152.35 from a trend line in the daily time frame. There is support at 147.86 from a horizontal line in the daily time frame. Finally, there is a major support zone ranging from 141.74 to 142.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
There is a resistance zone ranging from 172.16 to 175.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is also a resistance zone ranging from 179.45 to 182.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Besides having an excellent technical rating, AAPL also presents a decent setup pattern. Prices have been consolidating lately. AAPL stock currently has a Setup Rating of 5. Click here to sign up for email alerts on AAPL stock and when the Setup Rating is 8 or better.