SoFi stock falls after announcing $1.5B public offering of common stock
Investing.com - KeyBanc Capital Markets maintained its Sector Weight rating on Apple (NASDAQ:AAPL) in a research note released Thursday. The rating aligns with InvestingPro data showing Apple trading at a P/E ratio of 38.15 and near its 52-week high of $288.62, suggesting the stock may be fully valued at its current $4.2 trillion market cap.
The firm’s Key First Look Data (KFLD) showed Apple’s hardware spending increased 4% month-over-month in November, significantly outperforming the three-year average decline of 8% for the same period.
Despite the positive monthly trend, the data indicated a 3% year-over-year decline in indexed spending, though KeyBanc noted the overall data appears more positive than in previous months.
The research firm suggested the November performance positions Apple for a strong fiscal first quarter that could meet or exceed the company’s guidance.
KeyBanc expressed caution about Apple’s longer-term outlook, citing concerns about potential tariff pull-forward impacts in the first half of 2026, iPhone release cadence affecting the second half of 2026, and what it described as increasingly aggressive consensus estimates for fiscal 2026 and 2027. These concerns may be warranted given that InvestingPro analysis indicates Apple is currently overvalued relative to its Fair Value, despite the stock’s impressive 40.39% price return over the past six months. Investors seeking deeper insights can access Apple’s comprehensive Pro Research Report, available among 1,400+ top stocks covered on the platform.
In other recent news, Apple is experiencing a noteworthy year with projections indicating a 6.1% increase in iPhone shipments for 2025, driven by strong demand for the iPhone 17 series. Despite a slowdown in App Store spending growth, Goldman Sachs has reiterated its Buy rating on Apple, maintaining a $320 price target. Loop Capital also raised its price target for Apple to $325, citing adjustments in iPhone sales estimates and average selling prices based on supply chain data. Meanwhile, Wedbush continues to support Apple with an Outperform rating and a $320 price target, following leadership changes in the company’s AI division. John Giannandrea, Apple’s Senior Vice President for Machine Learning and AI Strategy, is stepping down but will remain in an advisory role until 2026. In a significant talent acquisition, Meta Platforms has hired Alan Dye, Apple’s head of user interface design, highlighting Meta’s focus on AI-powered consumer devices. Stephen Lemay, a veteran designer, will replace Dye at Apple. These developments reflect the dynamic changes within Apple and its impact on the tech industry.
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