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Evercore Raises Its Apple Target - MOSK: 03.19.2025
Mar 19, 2025
An analyst raises Apple's stock target to $275 while the company faces an antitrust battle in Germany. Apple is expanding its payment solutions, now including support in Puerto Rico. A minor issue plagues Apple Music, and a firmware update has been released for the MagSafe charger. Exciting content is coming to Apple TV+, including the return of 'The Buccaneers' and a new podcast titled 'Big Time.' Lastly, a sneak peek of an intriguing true crime series featuring outrageous schemes grabs listeners' attention.
13:20
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Quick takeaways
- Evercore's price target for Apple has risen to $275, emphasizing the company's strong earnings growth and diverse revenue streams despite recent challenges.
- Apple faces new regulatory hurdles after losing an antitrust appeal in Germany, raising important questions about competition and existing market regulations.
Deep dives
Analyst Raises Apple's Price Target Amid Market Concerns
An analyst has increased the price target for Apple shares, raising it from $260 to $275, despite recent market turmoil. This adjustment highlights how investor focus has heavily leaned toward iPhone growth, potentially overlooking Apple's diverse revenue-generating capabilities. The analyst argues that Apple's consistent growth in earnings per share and free cash flow, supported by strong gross margins and share buybacks, positions the company favorably compared to competitors. Additionally, the potential monetization of artificial intelligence may pave the way for Apple to capitalize financially without significantly increasing its investment in hardware.
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