Apple Analyst Sees $630 Ahead and 4 Investor Insights Making Rounds
Apple Inc. (NASDAQ:AAPL): Current price $460.51
Morgan Stanley removed Apple Inc. from its Best Ideas List and lowered their price target from $714 to $630, due to difficult comps and lack of near-term catalysts. Shares remain Overweight rated.
Netflix, Inc. (NASDAQ:NFLX): Current price $142.00
Following the company’s better than expected fourth quarter results and outlook, Citigroup raised their estimates and price target materially for Netflix, Inc. Citi said that Netflix’s fundamentals are positive and improving. They reiterate a Buy rating on the stock.
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Western Digital Corp. (NYSE:WDC): Current price $48.83
After the company’s second quarter results, given the lack of earnings upside and continued concerns over demand, Citigroup expects investors to take profits in Western Digital Corp.Citi said that shares are “ripe” for a pullback and reiterates a Sell rating on the name, in spite of raising their price target from $29 to $34.
F5 Networks, Inc. (NASDAQ:FFIV): Current price $106.28
After F5 Networks, Inc.’s first quarter results, Citigroup raised the price target for the company, citing improving industry fundamentals and solid company execution. The firm keeps a Buy rating on the name.
Symantec Corporation (NASDAQ:SYMC): Current price $21.68
After Symantec Corporation announced a new strategic plan, RBC Capital believes that the company can increase their operating margins over the next several years, while their plan to return more money to shareholders will be well-received by investors. The firm maintains an Outperform rating on the stock.
Investing Insights: AAPL Earnings: Cash Hoard Swells to New Record.