Apple Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Apple Inc. AAPL is expected to report financial results for its second quarter after the closing bell on May 4, 2023.

Analysts expect the company to post quarterly earnings at $1.43 per share, down from year-ago earnings of $1.52 per share. The company’s revenue might come in at $92.96 billion.

Apple shares fell 0.7% to close at $167.45 on Wednesday and lost 1.2% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Baird analyst William Power maintained an Outperform rating and raised the price target from $170 to $180 on May 2, 2023. This analyst sees around 7% upside in the company’s stock and has an accuracy rate of 86%.
• B of A Securities analyst Wamsi Mohan maintained a Neutral rating and raised the price target from $168 to $173 on May 1, 2023. This analyst sees around 3% upside in the company’s stock and has an accuracy rate of 73%.
• Deutsche Bank analyst Sidney Ho maintained a Buy rating and increased the price target from $160 to $170 on April 26, 2023. This analyst sees around 2% upside in the company’s stock and has an accuracy rate of 81%.
• Barclays analyst Tim Long maintained an Equal-Weight rating and raised the price target from $145 to $149 on April 26, 2023. This analyst sees around 11% downside in the company’s stock and has an accuracy rate of 70%.
• JP Morgan analyst Samik Chatterjee maintained an Overweight rating and raised the price target from $175 to $190 on April 19, 2023. This analyst sees around 13% upside in the company’s stock and has an accuracy rate of 74%.

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