From Yahoo Finance: 2025-05-02 14:01:00

Apple (AAPL) will report Q2 FY25 results on May 1 after the market close. Last quarter, Apple beat sales and earnings expectations with EPS of $2.40 on revenue of $124.30B. Current consensus forecasts for March-end quarter are $1.62 EPS and $94.56B revenue.

Analysts have mixed views on Apple, with 36 Buy ratings, 21 Holds, and 3 Sells. Price target average is $230.19. Jefferies upgraded Apple to Hold due to recession risks, while KeyBanc upgraded to Sector Weight on tariff exemptions.

Raymond James lowered price target to $230 citing tariff headwinds. Morgan Stanley raised price target to $235, expecting strong March quarter results and June quarter guidance. Customers rush to buy iPhones ahead of potential tariffs.

Apple delayed Siri update, leading Citi to lower iPhone unit estimates. Citi remains bullish, citing progress in rolling out Apple Intelligence. Apple expanded Apple Intelligence to new languages and regions, excluding Siri due to delay.

Citi lowered price target to $245 from $275, aligning with global GDP contraction view. Apple products not immune to weak macro environment. Check Media Buzz Sentiment on Apple. Published first on TheFly – the ultimate source for real-time financial news.

Read more: Tarrifs in focus as Apple follows up ‘best quarter ever’