Firmly bullish on Apple? Xiaomo: iPhone 17 is expected to become the first AI phone, which is bound to trigger an upgrade cycle!
芊芊551
发表于 2024-4-12 17:12:48
201
0
0
On April 12th, Caixin News Agency reported that among the "tech giants" that had great success last year, besides Tesla, Apple was the worst performing large tech stock, with a decline of about 6% so far this year. Both the decline in demand and the intensification of competition have led to Apple's exceptionally difficult year in 2024.
However, JPMorgan Chase stated that this has not stopped the enthusiasm of hedge fund investors, who are waiting for future upward space. As for the reasons, the bank outlined that they are waiting for an AI led iPhone upgrade cycle, and the valuation premium is slowing down.
These same factors also support JPMorgan's own bullish view, with a target price of $210 per share. This means that Apple's stock price can still rise by about 20% compared to the current level. As of the close of the US stock market on Thursday, the stock rose 4.33% to $175.04.
Specifically, Xiaomo pointed out that investors' increasing interest in Apple mainly comes from expectations of the boosting effect of AI, just like the 5G upgrade that drove the stock price soaring in 2020.
Xiaomo predicts that the iPhone 17 will be Apple's first "artificial intelligence phone" and is scheduled to be launched in September 2025. Therefore, the bank expects iPhone sales to accelerate to 240 million units in 2026.
"Compared to the expected mild results for fiscal years 24 and 25, the product cycle will drive our projected revenue and profit growth of 14% and 21% respectively for fiscal year 26 (which is 7% higher than consensus expectations)," the bank wrote in its latest report.
In addition, Apple's stock price has fallen by 6% since the beginning of this year, which means it is currently at the low end of a series of P/E ratios, just like the momentum of the 5G cycle. However, despite raising its forecast for 2026, the bank still expects Apple to face downside risks in the near future and recommends investors to remain cautious.
Coincidentally. Dan Ives, a renowned strategist at the US investment bank Wedbush, also expressed his support for Apple this week. He said that Apple's stock is still likely to rise significantly this year and maintain its "outperform" rating and target price of $250, which is Wall Street's highest expectation for the stock.
In the latest report, he listed five bullish reasons, including expectations for AI. Wedbush predicts that Apple will announce its progress in generative artificial intelligence at the Global Developers Conference in June.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- January GLP-1 Progress Continuously: The First Oral Drug Approved Domestic Drug Will Submit Market Applications
- UBS claims NVIDIA will significantly shorten the delivery cycle of AI GPUs to 3-4 months
- Breaking the New Cycle of E-commerce: Alibaba, JD.com, and Others Compete to Bet on AI E-commerce
- In 2023, losses will expand and gross profit will decrease again. Xiaopeng Motors will welcome a larger product cycle
- The Federal Reserve suddenly weighs heavily! Global interest rate reduction cycle initiated
- Apple's stock price reaches a new high after announcing its entry into AI, and the market expects to start the iPhone super cycle
- Jingke Energy Chairman Li Xiande: Be prepared for the possibility of the current cycle becoming normal
- Dan Bin: 'Most likely to hit bottom this week'. The Nasdaq bull market should be a historical cycle of more than ten years
- What is the confidence of BOSS direct recruitment to serve users through the cycle?
- Top 20 US Stock Exchange Transactions: Apple launches its first AI smartphone, but the Chinese version does not currently support AI functionality
-
每经AI快讯,据亿航智能官微消息,公司EH216-S无人驾驶电动垂直起降航空器(eVTOL)获得巴西国家民航局颁发的试验飞行许可证书,并计划在巴西进行测试和试飞。关于EH216-S无人驾驶eVTOL在巴西的认证,中国民航局 ...
- 潇湘才子
- 10 小时前
- 支持
- 反对
- 回复
- 收藏
-
今年7月,美国三大海外“债主”所持美国国债齐刷刷缩水,其中日本美债持仓已降至去年10月以来最低。 根据美国财政部当地时间9月18日公布的国际资本流动报告(TIC),2024年7月,美国前三大海外“债主”日本 ...
- 520hacker
- 前天 20:44
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者俞立严)9月19日,蔚来全新品牌乐道的首款车型——乐道L60正式上市。新车定位家庭智能电动SUV,在采用BaaS电池租用服务后,L60的售价可低至14.99万元,电池租用月费最低为599元。乐道L6 ...
- anhao007
- 昨天 11:03
- 支持
- 反对
- 回复
- 收藏
-
每经记者袁园 日前,国务院印发的《关于加强监管防范风险推动保险业高质量发展的若干意见》提出,以新能源汽车商业保险为重点,深化车险综合改革。 “车险综改”从2015年就已经开始逐步推进了,经过 ...
- moshulong
- 昨天 21:50
- 支持
- 反对
- 回复
- 收藏