Bulletin
Investor Alert

Market Pulse Archives

Sept. 20, 2019, 8:06 a.m. EDT

Apple's stock gains with analysts upbeat as iPhone 11 hits stores

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Apple Inc. (AAPL)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.48% rose 0.4% in premarket trading Friday, as the new iPhone 11 becomes available in stores, with J.P. Morgan analyst Samik Chatterjee saying strong pre-order interest suggests a "robust" iPhone revenue trend. The stock's gain puts Apple on track to reclaim a trillion-dollar market capitalization. Chatterjee said his research indicates higher interest in the "lower-end" iPhone 11 model that initially anticipated by Apple and the supply chain, but over the next 12 months, he expects shipments to be more skewed towards the "mid-end" model. Cascend Securities Chief Investment Strategist Eric Ross raised his stock price target to $270 from $260, saying pre-orders look better than expected, with initial indications suggesting the "higher-priced" iPhone 11 Pro is seeing volume pre-order demand. The stock has rallied 10.8% over the past three months, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.95% has gained 1.3%.

/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 236.41
+1.13 +0.48%
Volume: 24.38M
Oct. 18, 2019 4:00p
P/E Ratio
20.15
Dividend Yield
1.30%
Market Cap
$1068.38 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,770.20
-255.68 -0.95%
Volume: 293.61M
Oct. 18, 2019 5:08p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.