Nonfarm payrolls, Nvidia, GameStop - what's moving markets

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Lightshed Partners Upgrades Apple (AAPL) to Neutral, 'Can’t Disprove the Hype (Yet)'

June 11, 2024 3:34 PM EDT

Lightshed Partners analyst Walter Piecyk upgraded Apple (NASDAQ: AAPL) from Sell to Neutral.

The analyst comments "The pace at which companies have integrated AI into applications and devices has been impressive and only scratches the surface of what is possible. AI is... More

NVIDIA (NVDA) PT Raised to $150 at Argus, 'We recommend establishing or adding to positions'

June 11, 2024 7:27 AM EDT

Argus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $150.00 (from $110.00) while maintaining a Buy rating.

The analyst comments "Following a highly successful FY24, Nvidia, in our view, is positioned for continued momentum in FY25. The NVDA shares have... More

Rosenblatt Reiterates Neutral Rating on Apple (AAPL)

June 11, 2024 6:34 AM EDT

Rosenblatt analyst Barton Crockett reiterated a Neutral rating and $196.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apple sells over 200 million iPhones a year, and has an iPhone installed base of over 1 billion devices. But only about 10% of the... More

JPMorgan Reiterates Overweight Rating on Apple (AAPL)

June 11, 2024 5:41 AM EDT

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $225.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apples keynote at WWDC showcased enough enhancements on the feature sets across native apps and third-party apps with integration of A(pple) I(ntelligence) to assure us of the expected upgrade cycle with the launch of the iPhone 16 and release of iOS18 in the fall of this year. While the shares might be taking a breather today after recent outperformance into the event on the absence of any killer apps, our experience with... More

BofA Securities Reiterates Buy Rating on Apple (AAPL)

June 11, 2024 5:38 AM EDT

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "We believe Apples WWDC was the best WWDC conference in a long time as it introduced AI for the rest of the people.... More

NVIDIA (NVDA) PT Lowered to $131 at Evercore ISI

June 10, 2024 11:47 AM EDT

Evercore ISI analyst Mark Lipacis lowered the price target on NVIDIA (NASDAQ: NVDA) to $131.00 (from $1,310.00) while maintaining a Outperform rating.

The analyst comments "NVDA announced a 10-to-1 stock split on May 22, 2024 effective after markets close on June 7, 2024. Following this every shareholder will... More

UBS Reiterates Neutral Rating on Apple (AAPL)

June 10, 2024 8:48 AM EDT

UBS analyst David Vogt reiterated a Neutral rating and $190.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "GenAI interest solid in China but muted elsewhere as cost & privacy are concerns. Somewhat not surprisingly in our view, a high price was cited... More

NVIDIA (NVDA) PT Lowered to $140 at Cantor Fitzgerald, 'remains our TOP PICK in semis'

June 10, 2024 5:35 AM EDT

Cantor Fitzgerald analyst C.J. Muse lowered the price target on NVIDIA (NASDAQ: NVDA) to $140.00 (from $1,400.00) while maintaining a Overweight rating.

The analyst comments "NVDA announced a 10-for-1 stock split last Q which officially took effect Friday post close. As such, we... More

All eyes on AI: Citi previews Apple's WWDC event

June 7, 2024 5:00 PM EDT

Citi analysts maintained their positive outlook on Apple (NASDAQ: AAPL) based on recent data suggesting stabilizing iPhone demand in China, continued growth in services, and anticipation around Apple's focus on AI at the upcoming WWDC event.

"Recent third-party data suggests iPhone demand is stabilizing in China," they note. Citi's own supply chain checks also support this view. Additionally, they highlight Apple's aggressive... More