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☆ What Wall Street expects from Amazon, Apple earnings after the bell
▼ + stars: | 2024-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street faces another key litmus test Thursday with results from megacap technology giants Apple and Amazon . For Apple, Wall Street also wants to see its latest iPhone pick up steam, and investors seek more insight into when the company's AI initiative will begin lifting sales. For Apple, Wall Street expects EPS of $1.60 on $94.58 billion in revenue. Amazon's retail business also remains top of mind for Wall Street ahead of the busy holding shopping period. Apple For Apple, Wall Street is eagerly searching for signs of strong demand for its latest iPhone model and updates on its AI strategy.

Persons: Jason Helfstein, Brent Thill, Bank of America's Justin Post, Doug Anmuth, Goldman Sachs, Eric Sheridan, Ronald Josey, Morgan Stanley, Erik Woodring, Jefferies, Edison Lee, Samik Chatterjee, Davidson's Gil Luria, Wamsi Mohan, Tim Long, AAPL, Long Organizations: Apple, Nasdaq, Microsoft, Wall, LSEG, Amazon, StreetAccount, Jefferies, Bank of America's, Apple Intelligence, " Bank of America, Barclays Locations: Amazon

☆ Why Apple Intelligence will drive iPhone demand
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Apple Intelligence will drive iPhone demandSamik Chatterjee, analyst at JPMorgan, joins CNBC's 'Squawk on the Street' to discuss iPhone 16 demand, the role Apple Intelligence will play in future iPhone sales, and more.

Persons: Samik Chatterjee Organizations: Apple Intelligence, JPMorgan

☆ Wall Street Apple analysts underwhelmed by new iPhone's AI features
▼ + stars: | 2024-09-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Apple 's high stakes September launch event left some Wall Street analysts feeling unsettled. The largest company in the U.S. announced a host of new products Monday at its California headquarters, including a new Apple Watch, AirPods and the highly anticipated iPhone 16 that harnesses AI tools called Apple Intelligence. The delayed AI launch also creates uncertainty for sales volumes over the next two quarters, Long added. UBS analyst David Vogt viewed the event as "anticlimactic," adding that Apple offered no "killer" AI application. Elsewhere, Piper Sandler's Matt Farrell reiterated his neutral rating and $225 price target, noting that a slow rollout of Apple Intelligence could actually hamper enthusiasm for the features.

Persons: Tim Long, Apple, Long, Bernstein's Toni Sacconaghi, David Vogt, Wells, Aaron Rakers, Samik Chatterjee, MoffettNathanson's Craig Moffett, Tim Cook, Piper, Matt Farrell, Brandon Nispel Organizations: Apple, U.S, Apple Watch, Apple Intelligence, Barclays, UBS, Beta Locations: California, China, Europe

Along with the downgrade, Roach slashed her price target to $286 from $463. Along with the downgrade, Arya cut his price target to $23 from $35 a share. — Samantha Subin 6:15 a.m.: Apple results suggest 'best is yet to come,' support multiyear upgrade cycle The latest earnings report from Apple reaffirms analysts' confidence in the technology giant and a multiyear upgrade cycle when it launches its latest iPhone later this year. Bernstein's Mark Shmulik trimmed his price target by $5 to $210 a share but encouraged investors to use the sell-off as an entry point. His price target of $95, down from $99, implies downside of 6.6% over the next 12 months.

Persons: Wells Fargo, Morgan Stanley, Henning Cosman, Cosman, — Samantha Subin, Goldman Sachs downgrades Lululemon, Goldman Sachs, Lululemon, Brooke Roach, Roach, LULU YTD, Vivek Arya, Arya, Samantha Subin, America's Wamsi Mohan, macOS, Samik Chatterjee, Citi's Atif Malik, Bernstein's Toni Sacconaghi, Morgan Stanley's Brian Nowak, ISI's Mark Mahaney, Bernstein's Mark Shmulik, Wells, downgrades Morgan Stanley Wells Fargo, Mike Mayo, Mayo, Morgan, Fred Imbert Organizations: CNBC, Barclays, Ferrari, Bank of America, Intel, AMD, Apple, Apple Intelligence, America's, Amazon, Web Services, North Locations: Europe, U.S, Lululemon

☆ Apple reports results after the bell. Here's what Wall Street is watching
▼ + stars: | 2024-08-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

iPhone sales are expected to reach $38.64 billion and decline more than 2% year over year as the company grapples with a stretch of stagnant growth. Long also echoed concerns the new iPhone won't be enough to fuel a "meaningful" upgrade cycle to support the premium. AI-fueled upgrade cycle Apple's September quarter is expected to include about a week of new iPhone sales. Wall Street will also keep a close watch on China sales following an 8% decline during the second quarter. "While Greater China sales remain sluggish, mainland China iPhone sales have been stronger than expected and we are encouraged by iPhone demand picking up in emerging markets," said Raymond James analyst Srini Pajjuri.

Persons: ISI's Amit Daryanani, Tim Long, Long, iPhones bottoming, Evercore, bode, Bernstein's Toni Sacconaghi, tailwinds, JPMorgan's Samik Chatterjee, Baird's William Power, Raymond James, Srini Pajjuri Organizations: Apple Intelligence, Barclays, Apple, Verizon, Huawei Locations: China

☆ Apple set to report fiscal third-quarter earnings after the bell
▼ + stars: | 2024-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple CEO Tim Cook attends the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales. This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what the company says about the September quarter, which is nearly one-third over. Apple revealed Apple Intelligence in June, and the first preview version of some features was released earlier this week. JPMorgan analyst Samik Chatterjee expects Apple to reassure investors that the coming iPhone replacement cycle will include better-than-expected revenue, thanks to AI.

Persons: Tim Cook, Tim Long, Apple doesn't, Long, Raymond James, Srini Pajjuri, Samik Chatterjee, Chatterjee, Apple, Wamsi Mohan, Atif Malik Organizations: Apple, Barclays, Apple Intelligence, Nvidia, JPMorgan, Services, Bank of America Securities, Huawei, IDC, Citi Locations: Cupertino , California, U.S, China

Analyst Dan Dolev also increased his price target on shares to $31 from $17, suggesting shares could gain 19% from Tuesday's close. It also cut its price target to $24 from $38, implying downside of 16.7%. To be sure, he trimmed his price target to 21 euros from 24 euros. Analyst Joseph Moore named the chipmaker a top pick, reiterating his overweight rating and $144 price target. Nvidia shares have more than doubled this year.

Persons: Morgan Stanley, Nomura, Dan Dolev, Dolev, UPST, Dole, — Hakyung Kim, Samik Chatterjee, Chatterjee, Hakyung Kim, Anindya Das, Das, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Mizuho, Holdings, underperform, JPMorgan, TAM, Nomura, America, Nvidia Locations: Mizuho, Tuesday's, North America, U.S, Europe

JMP Securities reiterated its market outperform rating on CoStar Group, with its price target implying upside of nearly 50%. Canaccord Genuity, meanwhile, raised its price target on Elf Beauty. Elsewhere, JPMorgan raised its price target on Apple to $245 from $225. ET: JPMorgan raises Apple price target Apple's AI announcements could lead to bigger iPhone sales, according to JPMorgan. Analyst Michael Lavery reiterated his overweight rating and $90 price target on shares, which suggests a 50% gain from Monday's close.

Persons: Canaccord Genuity, Goldman Sachs, Alexander Duval, Duval, — Hakyung Kim, Samik Chatterjee, Chatterjee, Fred Imbert, Piper Sandler, Michael Lavery, Lavery, Canaccord, Susan Anderson, Anderson, Nicholas Jones, Jones, monetizing Homes.com, CSGP Organizations: CNBC, JMP Securities, JPMorgan, Apple, Walmart Locations: underperformance . U.S, Monday's, Canada

Oppenheimer raised its price target on Nvidia after the company completed a 10-for-1 stock split. 7:07 a.m.: Baird increases First Solar price target Baird thinks First Solar has more room for growth after soaring 46% in the past month. His buy rating and $238 per share price target implies more than 23% upside ahead. — Brian Evans 5:41 a.m.: Oppenheimer raises Nvidia price target after stock split Nvidia's momentum will continue, according to Oppenheimer. — Brian Evans 5:41 a.m.: JPMorgan says buy Shopify Shopify is the "online sale you don't want to miss," according to JPMorgan.

Persons: Oppenheimer, Baird, Ben Kallo, Kallo, — Brian Evans, Apple's, Samik Chatterjee, WWDC, Atif Malik, We're, Goldman Sachs Michael Ng, OpenAI, Brian Evans, Morgan Stanley, Adam Jonas, Ford, Jonas, Ford's, Rick Schafer, Schafer, Reginald Smith, Smith, Fred Imbert Organizations: CNBC, Nvidia, JPMorgan, iPhone, Citi, Ford, China EV Locations: Monday's

☆ 'Best WWDC Ever': Wall Street is pumped up over Apple's AI game plan
▼ + stars: | 2024-06-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wall Street was definitely impressed by Apple's WWDC event on Monday. Analysts predict AI features will drive significant upgrade cycles for the iPhone 16 and iPhone 17. Here's what Wall Street is saying about Apple's WWDC event. Citi: 'Best WWDC ever'"We believe Apple's WWDC was the best WWDC conference in a long time as it introduced 'AI for the rest of the people," analysts at Citi said. Chatterjee echoed Citi's thoughts that the AI features should drive a massive upgrade cycle for the iPhone over the next two years.

Persons: Apple's, Siri, —, Goldman Sachs, We're, Michael Ng, WWDC, Atif Malik, Samik Chatterjee, Chatterjee, Dan Ives, Ives Organizations: Service, Apple, Citi, Goldman, JPMorgan, Apple Intelligence, Cook

☆ Apple has to show broader AI features across native apps at WWDC, says JPMorgan's Chatterjee
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple has to show broader AI features across native apps at WWDC, says JPMorgan's ChatterjeeSamik Chatterjee, JPMorgan analyst, joins 'Money Movers' to discuss potential, impressive partnerships for Apple, short-term tactical calls on Apple's WWDC, and more.

Persons: JPMorgan's Chatterjee Samik Chatterjee, Apple's Organizations: JPMorgan, Apple

☆ Here's what to expect from Apple's AI event and how to trade it
▼ + stars: | 2024-06-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The pressure is heating up on Apple to flaunt its AI potential at its annual Worldwide Developers Conference Monday. Shares of Apple have lagged major technology peers since the start of the year, rising just 1.5%. While the Apple event isn't typically regarded as a big market-moving stock catalyst, the highly anticipated announcement of new generative AI-enabled features changes the narrative this year, Woodring said. He added that shares tend to underperform the S & P 500 by 10 basis points on average on the day of the event. The analyst retained a $225 price target on Apple shares, implying 14% upside from Friday's close.

Persons: Morgan Stanley's Erik Woodring, Woodring, Siri, Tim Cook, Samik Chatterjee, Atif Malik, AAPL, Toni Sacconaghi Organizations: Apple, Developers, Nvidia, Microsoft, Mac, Citigroup, Google, Samsung

A chipmaker was among Monday's biggest analyst calls along with a hospital stock. Morgan Stanley upgraded Micron Technology and raised its price target on the stock — though it sees only limited gains ahead. U.S. Steel shares have dropped more than 26% year to date. The bank upgraded the computer memory stock to equal weight from underweight and increased its price target to $130 per share from $98. He also raised hi 12-month price target to $226 from $189, implying upside of 27% from Friday's close.

Persons: Morgan Stanley, Dell, Samik Chatterjee, Bernstein, Toni Sacconaghi, DELL, — Brian Evans, Jefferies, Christopher LaFemina, LaFemina, Stifel, Ruben Roy, Baird, Tristan Gerra, Tom O'Malley, Brian Evans, Micron Technology Morgan Stanley, Morgan Stanley's, Joseph Moore, Moore, AJ Rice, Rice, Fred Imbert Organizations: CNBC, Micron Technology, UBS, Universal Health Services, JPMorgan, Dell, Jefferies, U.S, Steel, U.S . Steel, Nippon Steel's, Wall, TAM, Nvidia, Barclays Locations: U.S, Friday's

☆ Earnings playbook: Your guide to a key week of reports, including Walmart
▼ + stars: | 2024-05-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Just seven S & P 500 names are slated to post their quarterly figures, including Home Depot and Walmart. Management is scheduled to hold a call at 4:30 p.m. Last quarter: Cisco posted fiscal second-quarter results that beat expectations. What history shows: Cisco shares have risen after the last six earnings releases, Bespoke data shows. Thursday Walmart is set to report earnings in the premarket, followed by a call at 8 a.m. Last quarter: Walmart earnings topped analysts' estimates, thanks to soaring e-commerce sales . What history shows: Walmart has beaten bottom-line forecasts 71% of the time, per Bespoke.

Persons: Wells, Zachary Fadem, LSEG, Samik Chatterjee, Robert Ohmes Organizations: Home Depot, Walmart, CNBC, Investment, Cisco Systems, Management, Cisco, JPMorgan, Campus Networking, Bank of America

☆ Apple's buyback plan is one of the key reasons the stock is rallying, says JPMorgan's Chatterjee
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's buyback plan is one of the key reasons the stock is rallying, says JPMorgan's ChatterjeeSamik Chatterjee, JPMorgan analyst, joins 'Money Movers' to discuss Apple's share buyback plan, if a return to growth in Apple's China business is near, and more.

Persons: JPMorgan's Chatterjee Samik Chatterjee Organizations: JPMorgan Locations: China

☆ Apple is about to jump into the AI race. Here's what analysts expect it to do
▼ + stars: | 2024-05-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

AAPL 1D mountain Apple shares on Friday More substantive updates on Apple's latest AI offerings in both hardware and services are expected to come during its Worldwide Developers Conference in June. According to JPMorgan's Samik Chatterjee, the focus during the event will primarily be on the AI features Apple will include in its iOS 18 software. Mohan holds a buy rating on shares and slightly increased his price target to $230 from $225. "We think Apple can deliver AI upside without the AI capex we see elsewhere," Evercore ISI analyst Amit Daryanani wrote in a Thursday note following the earnings. "Apple is accelerating investments in Generative AI and [is] set to introduce new features at its most important developer conference ever."

Persons: Apple didn't, Wall, JPMorgan's Samik Chatterjee, Wamsi Mohan, Mohan, Amit Daryanani, Morgan Stanley's Erik Woodring, Woodring, Wells Fargo's Aaron Rakers, Rakers, America's Mohan, Michael Bloom Organizations: Apple, Worldwide Developers Conference, of America, America's Locations: WWDC

☆ Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earnings
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +12 min

Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.

Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, —, Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's

☆ Thursday's analyst calls: Discount retailers upgraded, more good news for Carvana, tough outlook for CVS
▼ + stars: | 2024-05-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Thursday's analyst calls feature upgrades to discount retailers TJX and Burlington and used car outlet Carvana, while there was more bad news for CVS Health following a tough earnings report Wednesday. He also raised his price target to $130 from $70, or 49.2% above Wednesday's close price. He lowered his price target by $25 to $60, or just 5.6% higher from Wednesday's close price. Analyst Jay Sole also lifted his price target to $132 from $104, indicating nearly 41% upside from Wednesday's close. He raised his price target to $212 from $126, suggesting shares could gain 19.1% from where they closed Wednesday.

Persons: Morgan Stanley, Joseph Moore, Moore, Samik Chatterjee, Chatterjee, Tal Liani, Liani, — Hakyung Kim, JPMorgan Carvana, Rajat Gupta, Gupta, Kevin Caliendo, Caliendo, Jay Sole, Sole, BURL, — Hakyung Kim —, Michael Bloom Organizations: CNBC, CVS Health, UBS, CVS, JPMorgan, Qualcomm, Wall Street, Samsung, Huawei, Edge, headwinds, " Bank of America, Microsoft, Burlington Discount, TJX Companies, Burlington Stores, Burlington Locations: Burlington, Carvana, CY24, seasonality, optionality, Maxx

☆ Here come Apple’s quarterly results. This is what traders are watching
▼ + stars: | 2024-05-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

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

☆ Once-hot AI play Super Micro is getting crushed, but most analysts are staying bullish
▼ + stars: | 2024-05-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Super Micro Computer shares are selling off at the moment, but major Wall Street firms are hopeful about the company's long-term prospects. Super Micro, one of the vendors that builds Nvidia-based servers, released quarterly results on Tuesday after market close. Super Micro also bumped up its fiscal 2024 revenue guidance above its previously estimated range and what analysts are expecting. But a revenue miss dragged shares of Super Micro 16% lower on Wednesday. On the other hand, Goldman Sachs and Wells Fargo maintained their neutral-equivalent ratings for shares of Super Micro.

Persons: LSEG, Samik, Chatterjee, Ruplu Bhattacharya, George Wang, Wang, Goldman Sachs, Wells Fargo, Wells, SMCI, Michael Ng, Ng Organizations: Micro Computer, Nvidia, Super, JPMorgan, Barclays, Bank of America, DELL Locations: CY25, East, UAE, Saudi Arabia, Sweden, Japan, Korea, Malaysia

☆ Wednesday's analyst calls: Amazon draws praise, 3M finds some support, Starbucks cut
▼ + stars: | 2024-05-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

JPMorgan analyst Vivek Juneja upgraded the regional bank stock to an overweight rating from neutral, simultaneously lifting his price target to $39.50 from $37.50. — Lisa Kailai Han 6:27 a.m.: Deutsche Bank downgrades Starbucks after disappointing quarterly earnings Starbucks could feel some near-term pressure, according to Deutsche Bank. Analyst C. Stephen Tusa also raised his price target to $111 from $110, implying that shares of 3M could rally 15% from here. 3M stock has added nearly 6% so far in 2024, but the stock is still trading at an attractive valuation given the company's characteristics, Tusa said. Amongst the group, JPMorgan analyst Doug Anmuth has the highest price target of $240, which implies that Amazon stock could rally another 37% from here.

Persons: Vivek Juneja, Juneja, — Lisa Kailai Han, Samik Chatterjee, Chatterjee, Lauren Silberman, Silberman, Lisa Kailai Han, Stephen Tusa, Tusa, 3M's, Morgan Stanley, Doug Anmuth, Anmuth, — Lisa Kailai Han — CNBC's Michael Bloom Organizations: CNBC, JPMorgan, Starbucks, Deutsche Bank, Fifth, Bancorp, Logitech, 3M, Barclays, Bank of America, Amazon, Services, Wall Street, — Locations: China

As the busy first-quarter earnings season moves along, several stocks still set to report could be due for big swings. First-quarter earnings have boosted stocks this week, as more than 77% of companies in the S & P 500 have exceeded analysts' expectations, according to FactSet. The S & P 500's year-over-year earnings growth for the first quarter is running at about 5.6%, according to Friday data from LSEG . The names on tap range from big-name AI plays Super Micro Computer and Amazon to health-care giants such as Moderna . Chipmakers Super Micro Computer and Advanced Micro Devices could also see some major moves this week, as they could rise or fall as much as 12.6% and 7.4%, respectively.

Persons: Curtis Nagle, Nagle, Samik Chatterjee, Goldman Sachs, Pinterest Organizations: Dow Jones, Computer, Moderna, CNBC Pro, Bank of America, TikTok, JPMorgan, Super Locations: chipmakers

☆ Apple shares just had their best day since last May
▼ + stars: | 2024-04-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on Feb. 2, 2024. Apple shares climbed 4.3% on Thursday to a share price of $175.04. Apple's rise came during a strong day for technology stocks, especially those in artificial intelligence, as the Nasdaq Composite rose 1.77%. Apple shares are down more than 5% so far this year. On Thursday, JPMorgan analysts wrote that sentiment over Apple shares is improving with hedge fund investors, partially due to its recent stock slide.

Persons: Tim Cook, Apple's, Samik Chatterjee, Chatterjee Organizations: Apple, Nasdaq, JPMorgan, Apple's Worldwide, Bloomberg Locations: New York City, China

☆ Investors are getting it wrong about Apple — again, Bank of America says
▼ + stars: | 2024-04-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors are again underestimating Apple's gross profit margins, according to Bank of America. In actuality, the company exceeded those expectations, reporting 44% gross margins last year. Looking ahead, Mohan estimates that vertical integration and product mix could yield more than 100 basis points of upside to Apple's gross margins. He also estimates that Apple's utilization of its own internal modems could add 110 basis points to product gross margins and 160 basis points of iPhone gross margins. "Pricing is an additional level that Apple can employ to further increase gross margins."

Persons: Wamsi Mohan, Mohan, Samik Chatterjee Organizations: Bank of America, Apple, Products, Services, Bank of, JPMorgan, Cap Tech

Goldman Sachs, meanwhile trimmed its price target on Boeing, citing several risks amid the company's ongoing safety issues. The analyst initiated coverage of the stock with an overweight rating and year-end price target of $1,150, which implies shares could jump 18.2%. Analyst Kannan Venkateshwar upgraded shares of the media giant to overweight from equal weight and also raised his price target by $40. His new $135 price target implies 16.5% potential upside over the next year. — Pia Singh 5:37 a.m.: Goldman Sachs trims Boeing price target Goldman Sachs lowered its price target on Boeing to $257 from $268 amid the airplane maker's ongoing issues safety issues.

Persons: Goldman Sachs, JPMorgan's Samik Chatterjee, inferencing, Chatterjee, — Pia Singh, Kannan Venkateshwar, Venkateshwar, Disney's, Noah Poponak, Poponak, Fred Imbert Organizations: CNBC, Disney, Barclays, Boeing, JPMorgan, Computer, Enterprises, Alaska Airlines Locations: 3Q24, 4Q24

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