Market Overview

Top 5 Analyst Stories Of The Week


1. There are speculations of Apple Inc (NASDAQ: AAPL) having chosen Intel Corp (NASDAQ: INTC) as its supplier of LTE chips in 2016. This would mark a substantial loss for Qualcomm Inc (NASDAQ: QCOM). "My suspicion is the reason Qualcomm's buyback didn't have more teeth is because of this rumor," Sean Udall, CIO of Quantum Trading Strategies and author of the TechStrat Report, told Benzinga.

2. In the not-so-distant-future, consumers could be lining up outside their nearest Apple retail outlet, not for a new device, rather for an upgrade. "They could upgrade [users] a couple times for a reasonable cost so you might get far, far more life [out of the Apple Watch] than the current consensus [anticipates]," said Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report.

3. Shares of GoPro Inc (NASDAQ: GPRO) slipped $1.76, or 4.5 percent, to $38.37 in Monday's session. "With no significant news to bolster the issue, it is continuing lower after a weak session on Friday," said Joel Elconin, the co-host of Benzinga's #PreMarket Prep. JMP Securities analysts believe investors should buy GoPro before it doubles.

4. Citi analyst Jim Suva raised the price target on Apple from $135 to $145, while maintaining a Buy rating. Suva cited higher Apple Watch ASPs and higher capital return expectations as the reasons for the changed price target.

5. Wells Fargo analysts, led by Maynard Um, downgraded EMC Corp (NYSE: EMC) from Outperform to Market Perform, while lowering the valuation range from $31-$34 to $26-$28. The revised rating followed a meeting with management and reflected the opinion that the stock could remain range-bound.

Latest Ratings for AAPL

Mar 2019CitigroupReiteratesBuyBuy
Mar 2019WedbushMaintainsOutperformOutperform
Mar 2019NeedhamUpgradesBuyStrong Buy

View More Analyst Ratings for AAPL
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Posted-In: Citi Jim Suva JMP Securities Joel ElconinAnalyst Color Downgrades Price Target Analyst Ratings


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