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Apple Is A 'Top Stock Pick For 2024,' Analyst Says: 4 Catalysts To Look For In Next Earnings Report
Apple Inc. (NASDAQ:AAPL) is gearing up to report its fiscal second-quarter (Q2) earnings.
Wall Street expects the Cupertino, California-based company to report $1.51 in EPS and $90.83 billion in revenue on May 2 after the market closes. Until then, Apple analysts are drawing attention to the stock’s promising outlook and four key catalysts.
Apple Analyst: BofA Securities analyst Wamsi Mohan reiterated a Buy rating for Apple stock with a price objective of $225, reflecting a potential upside of 36.4%.
Also Read: ‘Apple Shot Itself In The Foot:’ Telegram Founder Says Cupertino iPhone Market Share In China Will ‘Keep Shrinking’
The Apple Thesis: Mohan’s recommendation to buy Apple stock is grounded on four catalysts, making it a “top pick for 2024”:
Re-upping the capital return at earnings in May
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