Apple Inc. (NASDAQ:AAPL) is gearing up to report its fiscal second-quarter (Q2) earnings.
Wall Street expects the Cupertino, California-based company to report $1.51 in EPS and $90.83 billion in revenue on May 2 after the market closes. Until then, Apple analysts are drawing attention to the stock’s promising outlook and four key catalysts.
Apple Analyst: BofA Securities analyst Wamsi Mohan reiterated a Buy rating for Apple stock with a price objective of $225, reflecting a potential upside of 36.4%.
The Apple Thesis: Mohan’s recommendation to buy Apple stock is grounded on four catalysts, making it a “top pick for 2024”:
- Re-upping the capital return at earnings in May
- Gen AI, or generative artificial intelligence, announcements at the Worldwide ...