S&P 500
7,615.20
-0.09%
Dow Jones
51,319.00
-0.10%
Nasdaq 100
30,648.00
-0.22%
Russell 2000
2,928.28
-0.16%
FTSE 100
10,382.60
-0.05%
Nikkei 225
68,226.70
+1.07%

Technology

Macquarie analyst: Why I slashed my Apple target (video)

Photo of Steven M. Peters
By Steven M. Peters Updated Published

First Ben Schachter cut his Apple price target to $188 from $222. Then he went on CNBC.

 

[protected-iframe id=”67277e4d0415391b210d5d69b0497a78-5450697-130806395″ info=”https://finance.yahoo.com/video/apples-long-term-strategy-services-162500931.html?format=embed” width=”640″ height=”360″ frameborder=”0″ scrolling=”no”]

My take: Schachter seems to get Apple. Not having seen his note, I still don’t understand why he think Services is heading for rough patch in 2019.

See also: Macquarie slashes Apple price target on fear of slowing Services

[apple-subscribe]

Follow 24/7 Wall St. on Google
Photo of Steven M. Peters
About the Author Steven M. Peters →

Latest Podcast Episode

Memory Mania: Nvidia News And Mighty Micron Soars As Company Tops $1 Trillion in Market Cap

Play

49 min
Apple Podcasts Spotify

Continue Reading

Steven M. Peters |

Macquarie slashes Apple price target on slowing Services

Analyst Benjamin Schachter sees tough compares ahead. The Street, not so much.

Steven M. Peters |

Will Apple’s new shows be shown outside Apple’s walled garden?

When Apple signed Winfrey, Witherspoon and Spielberg, I had assumed not.

What Analysts Are Saying Ahead of Apple Earnings
Chris Lange |

What Analysts Are Saying Ahead of Apple Earnings

24/7 Wall St. has taken a look at what analysts have been saying about Apple ahead of its earnings report.

Why Apple’s New Streaming Service Could Be Worth $60 Billion or More to Shareholders
Jon C. Ogg |

Why Apple’s New Streaming Service Could Be Worth $60 Billion or More to Shareholders

Wedbush sees Apple being worth billions of dollars more based on what is expected when the company unveils its long-awaited…

Evercore ISI Hikes Apple Price Target to $365: Bull Case Now $500 on Services Compounding
David Moadel |

Evercore ISI Hikes Apple Price Target to $365: Bull Case Now $500 on Services Compounding

Evercore ISI raised its price target on Apple (NASDAQ:AAPL | AAPL Price Prediction) to $365 from $330 while reiterating its…

Apple Analysts Might Have $400 Price Targets If There Was No Recession
Jon C. Ogg |

Apple Analysts Might Have $400 Price Targets If There Was No Recession

Apple Inc. (NASDAQ: AAPL | AAPL Price Prediction) managed to report earnings that would have been considered a victory nder…

Why Analysts Are More Positive About Apple Than Its Earnings Reaction Suggests
Jon C. Ogg |

Why Analysts Are More Positive About Apple Than Its Earnings Reaction Suggests

24/7 Wall St. has compiled many analyst notes on Apple after the earnings report. Some analysts were cautious, but many…

More Alliances and Betrayals in the Online Streaming Wars
Chris Lange |

More Alliances and Betrayals in the Online Streaming Wars

Apple and Amazon.com have announced a groundbreaking partnership that will put the Amazon Prime streaming service on Apple TV. This…

Steven M. Peters |

Why Morgan Stanley raised its Apple price target to $232

If Katy Huberty's new method for valuing Apple seems somewhat arbitrary, it's better than most.

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826