Apple stock dips as KeyBanc downgrades on valuation, 'soft growth' outlook
Valuation: AAPL is currently trading at near-all-time high multiples and carries a significant premium compared to historical levels and theU.S. Sales Challenges: There are expectations that U.S. sales of Apple products may face difficulties. This assessment is based on KeyBanc’s data, predictions about U.S.
Full Estimates: From both top-line and bottom-line perspectives, it is believed that Apple's estimates appear to be fully valued. “We believe in order to justify upside to AAPL shares, peak valuations need to be applied or its growth profile needs to inflect higher,” the analysts said in a client note.“~37% of AAPL's revenue comes from the U.S., making the U.S. APPL's largest geographic segment. We expect the U.S. to experience its fourth consecutive y/y decline in F4Q23, potentially carrying into F1Q24,” they added.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb looking at a bleak winter, says KeyBanc: 4 big analyst cuts By Investing.comAirbnb looking at a bleak winter, says KeyBanc: 4 big analyst cuts
Read more »
KeyBanc downgrades Apple shares to sector weight, says U.S. sales are likely to struggleThe firm also pointed to shares having a rich valuation.
Read more »
Best Apple TV deals: Get the streaming device from just $34These Apple TV deals will make the Apple TV 4K, Apple TV HD, Apple TV (3rd Gen), and even Apple TV (2nd Gen) a little lighter on the bank account.
Read more »
Airbnb's stock slumps after KeyBanc downgrade on expectations the leisure travel recovery is saggingKeyBanc downgraded Airbnb Inc.'s stock and said leisure travel is expected to pull back after a strong recovery from the peak pandemic years.
Read more »
KeyBanc downgrades Airbnb, says travel demand will ease after pandemic recoveryAnalyst Justin Patterson expects a near-term peak in margins and slowing revenue growth will hurt the vacation rental company.
Read more »
KeyBanc raises Nvidia price target, sees more than 65% upsideStabilizing Chinese demand and a shift towards higher-priced GPUs could boost this semiconductor stock, according to Keybanc.
Read more »