Apple Stock Price Target Revisions Following Q1 2025 Earnings Report
Friday, 31 January 2025, 14:01
Market Reactions to Apple Earnings
Apple (NASDAQ: AAPL) stock has shown considerable volatility this year, peaking at $259.02 before a dip to $222.64. Following the company's Q1 2025 earnings report on January 30, which beat expectations with an EPS of $2.40 and revenues of $124.3 billion, reactions from analysts varied significantly.
Keybanc's Bearish Stance
- Brandon Nispel from Keybanc maintains an 'Underweight' rating on AAPL, setting a target of $200, suggesting a 19.25% downside.
- Concerns include a 0.8% YoY decline in iPhone sales and a 11% decline in Chinese sales.
- Nispel points to a shift towards higher margins in the services division, but worries about competitive pressures.
Citi's Optimistic Outlook
- Atif Malik from Citi upholds a 'Buy' rating and raises the price target from $255 to $275.
- Malik praises the earnings report as 'better than feared', asserting a potential 11.02% upside.
- He highlights upcoming products like the iPhone SE4 and software updates as promising catalysts for AAPL.
The conflicting views underscore a divided sentiment around Apple's future performance amidst shifting market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.