Apple Inc (NASDAQ:AAPL, ETR:APC) has showcased remarkable resilience in its iPhone market share and revenue, defying the overall sluggishness in the smartphone market, according to the Bank of America.
Despite a decline in iPhone units shipped over the past three years, analysts at BofA noted that Apple has managed to consistently increase its market share in terms of revenue.
Gap Inc (NYSE:GPS), the clothing company, hasn’t been able to convince analysts that its better-than-expected fourth-quarter results signal any longer-term improvements.
While experts at UBS lifted the retailer’s price target by US$1 to US$9, it still represents a nasty 57% discount to the current share price.
Royal Mail owner International Distributions Services PLC (LSE:IDS) has received a minor downgrade to earnings from UBS, which says the investment case for the company remains finely balanced.
Announcements in recent weeks have been a seesaw says the broker, with some positive and some not so.
Ariana Resources PLC (AIM:AAU) results from the final drilling programme at its Tavsan mine project – to be its second operating mine in Turkey - highlight the potential for an increase in resource size and grad, suggests stockbroker WH Ireland.
High-grade ore (more than 3g/t gold) is already being stacked from the commissioning of the mine in preparation for first production and Ariana expects to put out an announcement about the plans for 2024 before the end of March.
Foresight Solar Fund Ltd (LSE:FSFL)’s portfolio is being conservatively valued by a market, which has "indiscriminate concerns" about the “valuations and the outlook” for the sector as a whole.
This, at least, was the conclusion of Singer Capital Markets, in a note following Foresight’s (FSFL) annual results.
Bank of America has joined the chorus of investment banks raising S&P 500 forecasts as economic optimism spreads.
The bank raised its S&P 500 earnings per share (EPS) estimates to $250, up from the previous forecast of $235.
Deliveroo results were largely flagged in a trading update in January so guidance for 2024 will be the thing to watch in Thursday’s number.
Deutsche Bank is estimating 7,660m of GTV (transaction value), £2,167bn of revenue, and £120m of Adjusted EBITDA.