Key Takeaways

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AAPL Stock Analyst Estimates: Earnings and Revenue EPS Upgrades and Downgrades

Key Takeaways

• Analysts are upgrading their earnings and revenue estimates for Apple (AAPL).
• The upgrades are based on strong demand for the company's products, including the iPhone 13 and Mac.
• The stock is expected to continue to perform well in the future.

Analyst Upgrades

In recent weeks, several analysts have upgraded their earnings and revenue estimates for Apple. Citigroup raised its price target to $185 from $175, while Barclays raised its price target to $200 from $185. Both analysts cited strong demand for the company's products as the reason for their upgrades. "We believe that Apple is well-positioned to benefit from the continued strength in the smartphone market," said Citigroup analyst Jim Suva. "The company's new iPhone 13 lineup is expected to be a major driver of growth in the coming quarters." Barclays analyst Tim Long agreed, saying that "Apple is firing on all cylinders right now." He added that "the company's Mac business is also performing well, thanks to the launch of the new M1 chip."

Stock Performance

Apple's stock has performed well this year, rising by about 45% year-to-date. The stock is currently trading at around $170, which is close to its all-time high. Analysts are bullish on Apple's stock in the future. The average Wall Street analyst price target for Apple is $204.35, which represents a potential upside of over 20% from the current price.

Conclusion

Analysts are upgrading their earnings and revenue estimates for Apple, citing strong demand for the company's products. The stock is expected to continue to perform well in the future, making it a good investment for long-term investors.

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