Here's How Much Traders Expect Apple Stock to Move After Earnings Thursday

Core Insights - Apple is expected to report its fiscal first-quarter earnings, with traders anticipating a significant stock movement of about 4% in either direction following the results [1][6] - Current stock price is approximately 11% below early December highs, influenced by positive signals in the global smartphone market and demand for the iPhone 17 [2] - Analysts predict record revenue of $138.11 billion and earnings per share of $2.67, both reflecting an 11% year-over-year increase [4] Market Expectations - Strong iPhone sales during the holiday season could positively impact Apple's stock performance, with many investors looking for updates on Apple's AI initiatives [3] - Analysts from JPMorgan, UBS, and Morgan Stanley express concerns about potential margin impacts due to an ongoing memory chip shortage, although they believe the effect on Apple may be limited [4] Analyst Sentiment - Wall Street analysts show a bullish outlook on Apple's stock, with four out of eight analysts recommending a buy, three neutral, and one sell [5] - The average price target for Apple is around $291, suggesting a 14% upside from the current stock level [5]