Skip to main content

Market Overview

Munster: Any Companies Apple Could Buy To Immediately Inject Growth Are Too Large To Buy

Share:
Munster: Any Companies Apple Could Buy To Immediately Inject Growth Are Too Large To Buy

Piper Jaffray's Gene Munster is considered to be one of the Street's most knowledgeable analyst that covers Apple Inc. (NASDAQ: AAPL).

Following Apple's disappointing second-quarter results, Munster discussed what M&A opportunities are available to the company.

According to the analyst, there are four areas where "it might make sense" for Apple to acquire companies in: virtual reality, automotive, components and content.

However, while the company's CEO Tim Cook may have "left the door open for larger deals," there are few large companies that make sense for Apple to acquire.

Related Link: Gene Munster Talks Apple's Future On Benzinga's PreMarket Prep

"Further, investors want Apple to buy companies as a panacea for growth in the near to medium term, but in our view the issue is that any companies that could meaningfully change Apple's growth picture over the next one to two years are probably too large to acquire," Munster wrote in a research note.

Munster added that Apple should "take chances" and acquire a company that will only have an impact after five years of being absorbed into Apple's organization.

Latest Ratings for AAPL

DateFirmActionFromTo
Feb 2021RBC CapitalAssumesOutperform
Jan 2021DA DavidsonMaintainsBuy
Jan 2021Deutsche BankMaintainsBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!

Posted-In: Apple M&A Gene Munster iPhoneAnalyst Color Earnings News Analyst Ratings Trading Ideas

Latest Ratings

StockFirmActionPT
MRTXOppenheimerMaintains255.0
KRTXOppenheimerMaintains148.0
MNSTArgus ResearchMaintains100.0
STRABarrington ResearchMaintains120.0
RYArgus ResearchMaintains100.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com