Actionable news
0
All posts from Actionable news
Actionable news in INTC: Intel Corporation,

Analysts Weigh In on Three Stock Giants: Apple Inc. (Apple), Alphabet Inc (GOOGL), Intel Corporation (INTC)

Apple Inc.

Drexel Hamilton analyst Brian White weighed in on Apple Inc. (NASDAQ:AAPL), following the news that Samsung, Apple’s main competitor, has issued a worldwide recall of the new Galaxy Note 7 over fears of exploding batteries. The analyst believes that the timing could not have been more propitious for Apple with the iPhone 7/7 Plus expected to be unveiled on September 7 at the company’s Special Event.

White noted, “With market expectations for well over 10 million Galaxy Note 7 units in H2:2016, we believe this issue could bode well for Apple and specifically the iPhone 7 Plus with dual camera that is expected to be unveiled next week. Furthermore, we believe the images and videos of burning Galaxy Note 7 devices in the media will cause some damage to the Samsung brand, further bolstering Apple’s brand.”

The analyst reiterated a Buy rating on shares of Apple, with a price target of $185, which implies an upside of 72% from current levels.

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Brian White has a yearly average return of 8.7% and a 59% success rate. White has an 19.3% average return when recommending AAPL, and is ranked #109 out of 4132 analysts.

Out of the 48 analysts polled by TipRanks, 38 rate Apple stock a Buy, 7 rate the stock a Hold and 3 recommend Sell. With a return potential of 15.5%, the stock’s consensus target price stands at $124.46.

Alphabet Inc

The Wall Street Journal has reported that Alphabet Inc (NASDAQ:GOOGL) intends to add on to its Waze navigation app with a new carpooling service, which will be available to the San Fransisco public starting early Fall this year. Alphabet’s first tests started with Waze in Israel...


More