What to do with Apple, Carebook, and Imperial Oil titles? Here are some recommendations from analysts that may move prices soon. Note: the author may have a totally different opinion from that expressed.
Apple (AAPL, US $ 118.64): New iPhone hits target
Several analysts spoke of an important quarter for Apple this fall, due to a high number of customers who had an old iPhone ready for renewal. The arrival of the iPhone 12 therefore seemed crucial for the future. After a quick overview of the situation, the firm Wedbush seems convinced that it does quite well wherever it matters. In two words: the United States and China.
“Considering the demand for all versions of the iPhone 12 in recent weeks, we are very optimistic and have confidence in our ‘supercycle’ theory for this device. Suppliers are anticipating 80 million sales and we believe it could go a little beyond that target. To give a bit of context, last month we expected 75 million copies sold and two months ago that target was 65 million, ”writes Daniel Ives of Wedbush.
The analyst assigns the outperformance rating to Apple stock with a target price of US $ 150.00.
Carebook Technologies (CRBK, $ 1.83): a second acquisition in two weeks