Street calls of the week: Upgrades for Apple and Shopify; downgrade for Doximity
Loop Capital has upgraded Apple based on insights from their Supply Chain Analyst John Donovan. Donovan highlights Apple’s potential to become the leading platform for Generative AI in the consumer market over the next few years. This potential is compared to Apple’s past transformative impacts with the iPhone in social media and the iPod in digital content consumption, both of which significantly boosted the company’s stock performance.
Buy at Loop means “The stock is expected to trade higher on an absolute basis or outperform relative to the market or its peer stocks over the next 12 months.”Apple opened the regular session at $236.20 and closed at $234.40, a gain of 1.67% from the prior day’s regular close.BofA believes that the company, under the new CFO Jeff Hoffmeister, has turned a corner on balanced growth and margin following years of declining margin.
In an upside scenario, BofA projects FY 2030 revenue and FCF of $29.4 billion and $8 billion , respectively. As a result, DA Davidson has lowered its sales and EBITDA estimates for FLWS to below consensus levels. The brokerage has also reduced its target multiple from 5.5x to 5.0x and its price target from $9 to $8, based on a 5.0x CY25E EBITDA of $106M .
Furthermore, Wells Fargo points out that brand lifecycles could increasingly become a hurdle to Doximity’s growth prospects. Surveyed clients reported less desire to rely on Doximity to advertise more mature brands, reflecting the research team’s channel checks. This suggests that the net revenue retention rate could encounter more pressure over time as brands mature, which in turn may lead to declining ad spend with Doximity.
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.
Apple Loop: iPhone 16 Pro Specs, Apple Watch 10 Design Leaks, Paying For Apple’s AII am known for my strong views on mobile technology, online media, and the effect this has on the public conscious and existing businesses.
Read more »
Apple Loop: iPhone 16 Pro Specs, Apple Watch Design Leaks, Paying For Apple’s AII am known for my strong views on mobile technology, online media, and the effect this has on the public conscious and existing businesses.
Read more »
Downtown Jonesboro upgrades lighting along Main StreetThe Downtown Jonesboro Alliance completed a two-year lighting installation project.
Read more »
After lake drownings, safety upgrades come to Rainey Street trailheadThe City of Austin dedicated nearly $1 million to improve safety along the Lady Bird Lake trail near Rainey Street. The families of two men who drowned in the lake last spring pleaded for the changes near the popular entertainment district.
Read more »
Apple Watch reportedly to have larger screen, other upgrades in Series 10 modelsBloomberg reported the planned upgrades for the two Apple Watch Series 10 models may be linked to the smartwatch celebrating its upcoming 10-year anniversary.
Read more »
Street closures for second NASCAR Chicago Street Race start ThursdayStreet closures for NASCAR Chicago Street Race start Thursday
Read more »