Stock Price Target Revision
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Jim Cramer says Apple bears just got crushed by iPhone 17 demand
Finbold· 2025-09-26 13:22
Core Viewpoint - Apple shares experienced a 6.55% increase over five days, driven by positive price target revisions from analysts, indicating strong market confidence in the company's performance [1][2]. Price Target Revisions - Wedbush Securities raised its 12-month price target for Apple from $270 to $310, the highest on Wall Street, while maintaining an "Outperform" rating [1]. - Evercore increased its price target from $260 to $290, citing strong demand for the iPhone 17 series and also reiterated an "Outperform" rating [2][3]. Analyst Sentiment - Jim Cramer, a former hedge fund manager, expressed optimism about Apple's prospects, highlighting that analysts who previously bet against the company have been proven wrong [2][3]. - The average 12-month price target for Apple is currently $251.75, suggesting a modest downside of 1.99% from the last closing price [5]. Sales Performance - T-Mobile's CEO reported record-breaking iPhone sales, indicating that the iPhone 17 series is performing exceptionally well, with sales up double digits compared to the previous year [4].
Analyst upgrades Tesla stock price target
Finbold· 2025-04-24 09:37
Core Viewpoint - Dan Ives, a Wedbush analyst, has revised Tesla's price target from $315 to $350 following a quarterly report that, despite being grim, led to a positive investor reaction, resulting in an approximate 11% increase in stock price since April 21 [1][5]. Group 1: Price Target Revision - The price target for Tesla was raised from $315 to $350, marking the second revision in less than a month [1][6]. - This latest upgrade still represents a 30% downward revision compared to the pre-April forecast [5][6]. Group 2: CEO's Focus and Investor Sentiment - Elon Musk has pledged to significantly reduce his involvement in political activities, which has eased investor concerns [4][6]. - There is an indication that Tesla will regain Musk's undivided attention, which is expected to positively impact the company's performance [3][4]. Group 3: Stock Performance - Despite the recent rally, Tesla's stock remains down 38.5% year-to-date (YTD) and 47.25% below its mid-December highs near $480 [6][7]. - The stock has shown a 5.37% increase in daily performance and a 12.14% increase in weekly performance [5].