Sacconaghi has a $195 price target on shares, suggesting 15% upside from Wednesday's close.
Bernstein is optimistic that the ongoing weakness in the China market "is more cyclical than structural."
Oppenheimer analyst Martin Yang lowered his forecast for the current quarter ahead of the report, accounting for softer iPhone sales trends in China.
Sankar has a buy rating and a price target of $220.
Malik reiterated his buy rating on the stock ahead of the announcement while notching down his price target to $210 from $220.
Persons:
Tesla, Bernstein, Toni Sacconaghi, Sacconaghi, Oppenheimer, Martin Yang, Yang, Samik Chatterjee, Chatterjee, TD Cowen's Krish Sankar, Sankar, JPMorgan's Chatterjee, Atif Malik, Malik, Cowen's Sankar
Organizations:
Apple, Wall Street, Huawei, Counterpoint Research, JPMorgan, Citi
Locations:
China, India