Professional
Added to YB: 2024-11-05
Pitch date: 2024-11-01
AAPL [bullish]
Apple Inc.
+18.67%
current return
Author Info
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Company Info
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Market Cap
$3.9T
Pitch Price
$219.55
Price Target
256.00 (-2%)
Dividend
0.39%
EV/EBITDA
22.36
P/E
33.53
EV/Sales
8.78
Sector
Technology Hardware, Storage and Peripherals
Category
growth
Bank of America Reaffirms Buy on Apple with $256 Target
AAPL: BofA Buy PT $256. iPhone demand strong, Services mixed. F1Q rev guide low-to-mid single y/y. GM 46-47% indicates iPhone strength. Reiterate Buy on multi-year upgrade cycle, margin tailwinds, strong cash flows. Services at $25.0bn +12% y/y, 74% GM. New opportunities for higher penetration & margins.
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