分析师补充说，表面之下存在着巨大的分化，这与美元和利率的飙升相吻合。BTIG urges investors to remain cautious about Apple (AAPL.US) stocks before January 2025.
According to Zhitan Finance APP, BTIG urged investors to be cautious with Apple (AAPL.US) stocks before January 2025. This is contrary to Wedbush's optimistic stance.
BTIG Analyst Jonathan Krinsky stated that the U.S. stock market might continue to rise before the end of the year, with the S&P 500 Index expected to break 6100 points to set a new historical high. However, there may be some downward fluctuations in January next year.
The Analyst added that there exists significant differentiation beneath the surface, which coincides with the soaring dollar and interest rates.
Krinsky mentioned that Apple, the largest company by Market Cap globally, closed up 2.56% last week, marking its fifth consecutive week of gains of 2% or more. However, following this string of increases, the one-month forward returns for the stock are quite unfavorable.
Apple's rise for five consecutive weeks of 2% or more is the first occurrence since 2010. Krinsky noted that Apple increased by about 1.46% this week, and there has been no instance of six consecutive weeks of a 2% rise since the global financial crisis in 2009.
Since 1990, there have been seven instances of Apple’s stock price rising 2% or more for five consecutive weeks. The Analyst also stated that the average ROI and median ROI four weeks later were -5.97% and -5.37%, respectively, with the only previous increase occurring in 2009.
Krinsky stated that as Apple "once again becomes the world's highest market cap company, approaching $4 trillion, we are cautious about the stock price performance in January next year."
In contrast, Wedbush Analyst Dan Ives maintains an "Outperform" rating on Apple and raises the target price from $300 to $325, setting a new high for Wall Street. Ives expects this technology giant to enter a "Gold Growth Era" in 2025.
Ives stated, "We believe that Apple is entering a multi-year iPhone upgrade cycle driven by AI, which is still underestimated by Wall Street. Rome wasn't built in a day, and Apple's AI Global Strategy hasn't been built in a day either, but the seeds of Apple's intelligent strategy are being formed and will change Apple's Consumer growth narrative in the coming years."
Apple's stock price reached $260 in early trading on Thursday, setting a new intraday high, and then slightly retracted. The stock ultimately closed up 0.3% at $259, setting a record closing price.
Overall, Wall Street analysts give Apple a "Moderate Buy" rating, with an average target price of $244.39, which is 5.7% lower than the current level.
