Welcome to Extreme Investor Network, where we provide you with expert analysis and insights to help you stay ahead in the world of investing. Today, we are excited to share some valuable information about two tech giants that are making waves on Wall Street.
First up, let’s talk about Apple. Baird raised its price target on Apple by $40 to $240, citing the potential of Apple Intelligence to drive the stock higher. Analyst William Power sees Apple Intelligence as a key catalyst for revenue and EPS growth, especially in the face of slowing upgrade rates for devices. With a strong eco-system, growing services contribution, and innovation leadership, Apple remains a smart pick for investors. Power’s bullish outlook includes raised revenue forecasts for the iPhone and the business as a whole, which is above Wall Street consensus.
Next, we have Amazon, where BMO Capital Markets raised its price target to $230 from $220, with an outperform rating. Analyst Brian Pitz is bullish on Amazon’s cloud business, specifically Amazon Web Services (AWS), which he believes will continue to drive revenue growth through at least 2025. With a 27% upside potential from the current price, Amazon’s Prime Day volume is expected to see a 20% year-over-year growth. Despite a slight dip in July, Amazon shares have climbed 19% year-to-date.
As a member of the Extreme Investor Network, you have access to exclusive insights and in-depth analysis to help you make informed investment decisions. Stay tuned for more updates and expert opinions on the latest trends and opportunities in the market. Happy investing!