Especially in China, Apple did not see a fantastic growth in its earnings and so far it has been bad news for the company. As per the numbers that can be seen, it seems to be that the market view seems to be a lot better than what was expected.
During the after hour trading only in the first hour the prices of the Apple stock climbed up more than $103 from $97.34 and the new level has been maintained so far. The analyst’s’ reactions were rounded up by Business Insider. Deutsche Bank was the only exception that was found due to this the rating of the stock is said to be a Hold. The Buy rating was given to the others with the price range that had been targeted varied from $115 to $150.
At $115 the lowest rating was given to Barclays keeping aside Deutsche Bank, it seems to be that the troubles of the company does not seem to be ending anytime soon and even the upwards trend in the future is something that may not happen pretty soon.
As per a post, they expect the Apple shares in the near term to go upward. In comparison to what was expected, the gross consolidated margin and unit trends of the iPhone were a lot better. The higher move of the stock could be due to the consensus estimate which could be due to the outlook and overall results due to various factors.
At $150, the most bullish seemed to be Credit Suisse, the key reason for the strength of the ecosystem and high loyalty was said to be optimism. Further on it was stated that during the F3Q16, it was reported by Apple that the results which were expected seemed to be a lot better and suggest an EPS which was underlying to be higher than what had been reported.