Apple stocks register because employment gain catches a fever pitch

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With two days to go

Apple

reporting the results of the December quarter, the street’s effort to raise estimates and price targets has reached a fever level, and the stock is setting a high interweaving level.

Apple (ticker: AAPL) did not provide guidance for the quarter, which adds an element of reward to the report. Wall Street analyst consortium wants revenue of $ 102.8 billion and per-share profits of $ 1.40; for its softer fourth quarter of March, Street sees $ 78.9 billion in revenue and profits of 90 cents per share.

Street consensus estimates as followed by FactSet call for iPhone revenue to rise 6.4%, to $ 59.6 billion, with double-digit growth in all other sectors. The consortium has iPads sales at $ 7.4 billion, up 23.4%; Mac sales of $ 8.6 billion, up 20.4%; wearable sales of $ 11.5 billion, up 14.8%; and services revenue of $ 15.2 billion, up 19.3%.

Here’s a quote from Monday’s batch of Apple prepaid notes:

• Raymond James analyst Chris Caso again upgraded his Outperform rating, raising his price target to $ 150 from $ 140. “In December, we believe iPhone units were exactly as expected, but the story is about a mix, as consumers seem to prefer the higher priced models in the lineup, perhaps motivated by generous U.S. behavior subsidies, ”he writes. “We also expect upside down from AirPods, Watch, and Macs, where we’ve seen consistently strong supply chain reviews. ”He said that while the stock has been running a long run,“ we see no reason to change our favorable outlook, as we had long expected the iPhone 5G to represent a two-circle year. ”

• Wedbush analyst Dan Ives reiterates his Outperform rating, while raising his target price to $ 175 from $ 160. “According to our supply chain studies in Asia, we strongly believe that iPhone 12 supercycle hype has come to fruition with this week taking the first look at the Street on the basic iPhone 12 application and a keynote from [CEO Tim] Cook is looking forward to the next few seasons, ”he writes in a research report. “With more order activity starting over the last few months for iPhone 12 our readings are very bullish for the March / June quarters and give us a gradual confidence in our supercycle thesis on iPhone 12 . ”

• Evercore ISI analyst Amit Daryanani confirmed the Outperform rating, raising its price target to $ 160 from $ 145. The analyst writes that, near term, it has a “bullish bias”, driven by iPhone supercycle, more monetization better on the inserted base, and full-edge extension. In the longer term, he is optimistic about a possible shift in the car market. “Conversations about Apple Car have been heightened by recent media coverage and comments from [manufacturers] like Hyundai, ”he writes. “We see an increased likelihood of Apple having a product here in the next five years. ”

• JP Morgan analyst Samik Chatterjee, who is reiterating his fat rating and $ 150 price target, expects the company to deliver a “blocking blow,” led by 5G iPhones, iPads, and Macs. It looks for revenue of $ 110 billion and profits of $ 1.56 a share, with iPhone revenue of $ 66 billion.

• UBS analyst David Vogt maintains a Neutral rating on Apple stock, with a $ 115 price target. Vogt is more cautious about the stock than many other analysts, but nonetheless raised its revenue. in and EPS estimates for their quarter. It sees revenue of $ 106.9 billion, and profits of $ 1.45 per share. It sees an upside of street estimates on both iPhones and Macs, but complains that the upside seems to be visible in the stock.

On Monday, Apple spun 3.8%, to $ 144.37, slightly higher than the high of $ 145.09, giving the company a new peak market capitalization of $ 2.4 trillion.

Write to Eric J. Savitz at [email protected]