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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Zen Dollar Round who wrote (212552)	7/31/2023 12:01:55 PM
From: NAG1	Read Replies (1) \| Respond to of 213177

ZDR, Apple's stock price has gotten a bit pricey but it is being valued, I think, at least in line with other companies that are similar(although there are no companies out there exactly like Apple). So as the market goes, so goes Apple, IMO. Most analysts are upping their price targets since a good number of them were underwater with Apple's stock price performance as of late. On ped30, they just posted that Dan Ives, at Wedbush securities, thought that supply chain checks show that iPhones are at least in line and possibly will outperform expectations. He is also feeling that Apple will at least meet expectations. So he is raising his price target by $40 to $220. I am thinking that any small positive surprise is already priced into the share price so I agree that we will probably mostly tread water with this earnings announcement. But who knows what else they could possibly talk about that could drive shares further. If they announce that they have a million developers working on Apps for the AVP, would that drive shares? I play a couple of mindless games on my phone and have it paid for with ads and I am seeing that Apple is advertising its phone, computers as well as Apple TV as part of the ads I am seeing. I am thinking it is the time of year when people buy things for school so that could be part of it. But it may could mean that Apple is pushing for greater market share or, possibly, that sales are lagging and they need to get rid of inventory. I guess we will find out on Thursday which it is.