Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)
Twitter
Tags: apple

This New Apple Stock Price Target Foresees a 35% Gain

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler • January 27, 2016

View Comments

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Money Morning Defense & Tech Specialist Michael A. Robinson has lowered his Apple stock price target in the wake of less than stellar earnings yesterday (Tuesday), but nevertheless sees significant gains ahead.

"If you're looking at the long haul, Apple is still a stock to own," Robinson said today (Wednesday) on the FOX Business Network's "Varney & Co." program.

Apple Inc. (Nasdaq: AAPL) earned $3.28 a share, beating expectations for $3.23. But revenue of $75.87 billion just missed estimates. Sales of the iPhone, which generates two-thirds of Apple's revenue, increased less than 1% from the same period a year ago.

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
The contrast with last year's big growth numbers, when earnings in the December quarter rose 48% year over year, has prompted Robinson to lower his Apple stock price target from $142.85 (the pre-split equivalent of $1,000) to $130 by Labor Day 2017.

The AAPL stock price slumped as low as $94.04 in mid-morning trading, but by early afternoon had climbed back to the $95 to $96 range. AAPL stock is down about 28% from its highs of last July.

"Most of what we've seen from this quarter has already been priced into the stock," Robinson said. "I'm still a buyer at these prices."

For more of Robinson's thoughts on the Apple stock price - and why he's still bullish on the company despite yesterday's disappointing earnings - click on the video below.

Follow me on Twitter @DavidGZeiler or like Money Morning on Facebook.

Things You Didn't Know About Apple: Apple has been around for nearly 40 years now, and is one of largest and best-known companies in the world. But it has a quirky history. And most of this history isn't that well-known beyond the Apple fanboy crowd. Chances are these 15 Apple facts will surprise you...

Join the conversation. Click here to jump to comments…

Login
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Bill Ballou
Bill Ballou
7 years ago

I agree. But there is more. Apple makes outstanding hardware (iMac, MacPro, MacBook, iPad, iPhone, AppleTV) defined by integration of physical and software designs. Many persons overlook the fact that Apple is both a hardware and a software producer. Recent drops in NAV derive from the idea that Apples growth is limited. Yes, growth as a percent of sales will decline — but only because earnings continue to grow. I expect revenue growth in services and software to offset "diminishing" growth (but growth nevertheless) in hardware sales. New services like ApplePay and
old ones like iTunes, using Apple's hardware and new software combine to create user dependancy. Claims that Apple will be a victim of its own success (having 94% of profits in smart phone market snd having reached "peak" sales) do not credit the loyalty of existing customers and the likelihood of their upgrading to new models of the iPhone.

0
Reply


Latest News

May 26, 2023 • By Garrett Baldwin

Here's Your (Surprising) Best Bet in a U.S. Default

May 26, 2023 • By Shah Gilani

earnings
The Five Things You Need to Know Before Buying Any Stock

May 26, 2023 • By Nick Black

AI Crash Course: Basic Terminology for Artificial Intelligence Investors
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz