- AAPL did decent consolidation in last 6 months.
- AAPL have all positive analyst notes.
- Stock is due for all time high & UOA & technical targets all points to above 175$.
Apple Inc (NASDAQ:AAPL is set to announce earnings on Wednesday After Closing Bell. 2020 was unique year for overall FANMG, which had its impressive first half of year gaining 60% or becoming first 2 Trillion $ company. They also announced Stock split of 1:5 which makes share float high at same time affordable for retail investors.
But it has lagged for almost next six months in consolidation pattern, testing all the way lows of 105$ in Intraday Trading in Sept. 18, because of opinion pieces shit like this from Motely Fool. Will not waste time on elaborating why it sinks that day or why it was due for correction, as all star traders/investors understands that.
Now the time is back for FANMG to shine & specifically for AAPL, compiling list of upgrades just for today Jan 25, 2021 (Credit:Barrons.com):
Raymond James analyst Chris Caso repeated his Outperform rating, lifting his price target to $150 from $140. "For December, we believe iPhone units were simply in-line with expectations, but the story is about mix, as consumers appear to have preferred the higher-priced models in the lineup, perhaps encouraged by generous U.S. carrier subsidies," he writes. "We also expect healthy upside from AirPods, Watch, and Macs, for which we’ve seen consistent positive supply-chain revisions." He adds that while the stock has had a big run, "we see no reason to change our favorable view, as we have long expected the 5G iPhone to represent a two-year cycle."
Wedbush analyst Dan Ives reiterates his Outperform rating, while lifting his target price to $175 from $160. “Based on our Asia supply chain checks, we strongly believe the iPhone 12 supercycle hype has become a reality with this week giving the Street its first glimpse of underlying iPhone 12 demand and key commentary from [CEO Tim] Cook looking ahead into the next few quarters,” he writes in a research report. “With more order activity kicking in over the last few months for iPhone 12 our reads are very bullish for the March/June quarters and give us incremental confidence in our supercycle thesis on iPhone 12.”
Evercore ISI analyst Amit Daryanani reiterated an Outperform rating, raising his price target to $160 from $145. The analyst writes that near term, he has a “bullish bias,” driven by an iPhone supercycle, better monetization of the installed base, and gross-margin expansion. Longer term, he is upbeat about a potential move into the automotive market. "Discussions around Apple Car have become louder given recent commentary in the media and comments by [manufacturers] like Hyundai," he writes. "We see increased probability that Apple will have a product here in the next five years."
J.P. Morgan analyst Samik Chatterjee, who repeats an Overweight rating and $150 price target, expects the company to deliver a "blockbuster beat," driven by 5G iPhones, iPads, and Macs. He’s looking for revenue of $110 billion and profits of $1.56 a share, with iPhone revenue of $66 billion.
Even NASDAQ articles points to upcoming block-buster beats “Apple Stock Could Surge 62% to $225, According to This Analyst”. Regardless of what analyst says recent share price action is pointing to all but same direction to huge beat.
Now some may say AAPL usually go down after earnings, I would argue that this quarter could be different as quantum of beat would be huge like NFLX. Anyway UOA or Options buying should also indicate the upcoming move as the market makers do buy in large quantity. You can see for yourself that it is coming, here at Options Sonar.
Last & final arguments for AAPL,
- Technical Chart are in favor & community agrees with it.
- Even if you end up buying higher for AAPL, you know that you bought quality & stay in comfortably for decent Dividend for growth, but I guess most traders here want to make quick money which it has been recently for AAPL.
Let’s buy some quality AAPL rather Shit load of $GME.
Analyst's Disclosure: I am/we are long AAPL.
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