Alphabet, Apple, Microsoft Ratings Action After June-Quarter Earnings
After Alphabet, Apple and Microsoft reported stellar results on Tuesday, brokerages didn't waste any time making some changes to price targets.
Well, that didn’t take long. After Alphabet Inc. (NASDAQ: GOOGL | GOOGL Price Prediction), Apple Inc. (NASDAQ: AAPL) and Microsoft Corp. (NASDAQ: MSFT) reported stellar results on Tuesday, brokerages didn’t waste any time making some changes to price targets. So far, we have spotted only one change to ratings: RBC Capital Markets resumed coverage of Microsoft with an Outperform rating and a price target increase from $290 to $360.
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Here are three tables listing all the analyst moves we have as of 10:30 a.m. Wednesday morning.
Alphabet
| Brokerage | Rating Action | Price Target |
|---|---|---|
| Oppenheimer | Reiterated Outperform | $2510 » $3000 |
| Susquehanna | Reiterated Positive | $3100 » $3600 |
| BMO Capital Markets | Reiterated Outperform | $2700 » $3000 |
| Raymond James | Reiterated Outperform | $2750 » $3200 |
| Stifel | Reiterated Buy | $2700 » $3000 |
| Cowen | Reiterated Outperform | $2900 » $3300 |
| Guggenheim | Reiterated Buy | $2850 » $3140 |
| Morgan Stanley | Reiterated Overweight | $2575 » $3000 |
| Jefferies | Reiterated Buy | $2950 » $3150 |
| Barclays | Reiterated Overweight | $3000 » $3200 |
| Credit Suisse | Reiterated Outperform | $3350 » $3400 |
| BofA Securities | Reiterated Buy | $2755 » $3150 |
| Mizuho | Reiterated Buy | $2800 » $3000 |
| Wolfe Research | Reiterated Outperform | $2900 » $3400 |
| Needham | Reiterated Buy | $2700 » $3200 |
| KeyBanc Capital Markets | Reiterated Overweight | $2681 » $3071 |
| Truist | Reiterated Buy | $2800 » $3100 |
| JPMorgan | Reiterated Overweight | $2875 » $3250 |
| Canaccord Genuity | Reiterated Buy | $2800 » $3100 |
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Apple
| Brokerage | Rating Action | Price Target |
|---|---|---|
| Monness Crespi & Hardt | Reiterated Buy | $180 » $184 |
| Morgan Stanley | Reiterated Overweight | $166 » $168 |
| Barclays | Reiterated Equal Weight | $134 » $142 |
| Oppenheimer | Reiterated Outperform | $160 » $165 |
| Wolfe Research | Reiterated Underperform | $125 » $135 |
| Deutsche Bank | Reiterated Buy | $165 » $175 |
| Wells Fargo | Reiterated Overweight | $160 » $165 |
| Loop Capital | Reiterated Buy | $150 » $165 |
| Canaccord Genuity | Reiterated Buy | $175 » $185 |
Microsoft
| Brokerage | Rating Action | Price Target |
|---|---|---|
| Griffin Securities | Reiterated Buy | $290 » $345 |
| Morgan Stanley | Reiterated Overweight | $300 » $305 |
| Credit Suisse | Reiterated Outperform | $300 » $320 |
| Barclays | Reiterated Overweight | $325 » $330 |
| Wolfe Research | Reiterated Outperform | $290 » $315 |
| Citigroup | Reiterated Buy | $378 » $411 |
| Mizuho | Reiterated Buy | $310 » $325 |
| Cowen | Reiterated Outperform | $310 » $320 |
| Stifel | Reiterated Buy | $305 » $325 |
| Rosenblatt | Reiterated Buy | $333 » $349 |
| BofA Securities | Reiterated Buy | $325 » $340 |
| RBC Capital Markets | Resumed Outperform | $290 » $360 |
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
