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Barclays analyst Tim Long has lowered the price target for TD Synnex to $125 from $148 while maintaining an Equalweight rating, citing uncertainties in IT spending recovery and component shipment delays affecting major clients like Meta Platforms. Despite a slight miss in Q2 2025 earnings, the company reported a 7.5% year-over-year increase in gross billings, with projections for EPS growth in the upcoming quarters. Analyst Adam Tindle from Raymond James also adjusted his price target to $125, highlighting confidence in cash flow improvements and upcoming discussions on long-term growth strategies.
Apple reported a 7% increase in quarterly profit to $36.3 billion, driven by strong growth in services, Mac computers, and iPads, despite a decline in iPhone sales. The company's total revenue reached a record $124.3 billion, with earnings per share of $2.40 surpassing analyst expectations.
Barclays analyst Tim Long has raised the price target for Apple Inc. (NASDAQ: AAPL) to $197.00, up from $183.00, while maintaining an Underweight rating on the stock. This adjustment reflects the analyst's updated outlook on the company's performance.
Barclays has lowered its Apple estimates ahead of the January 30 earnings report, citing risks of missing guidance due to weak iPhone SE4 sales and TSMC wafer cuts affecting iPhone 16 production. Analysts project 76 million iPhones sold in the December quarter, slightly below expectations, and anticipate a March-quarter sell-in of 51 million units. Concerns over market share losses in China and regulatory challenges further complicate the outlook, while a modest increase in Services growth is expected.
Tim Long
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Barclays lowers TD Synnex price target amid mixed earnings and market challenges
SEAGATE TECHNOLOGY HOLDINGS
Oracle Corporation
TD Synnex Corp
Western Digital Corporation
Ingram Micro Holding Corporation
Meta Platforms, Inc.
USA
Tim Long
Adam Tindle
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19:36 27.03.2025
apple reports record quarter despite mixed performance in china
United States Dollar
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USA
GBR
CHE
Lars Friedrich
Ingo Wermann
Tim Cook
Edison Lee
Michael Ng
David Vogt
Tim Long
Alexander Frank
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09:22 03.02.2025
Barclays raises Apple price target to 197 while maintaining underweight rating
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