Analysts Predict Apple’s iPhone 12 to Outperform Global Smartphone Market in 2020 with Significant Upgrade Cycle in Q4

 

Apple is set to announce its new line-up of iPhones later today. This will mark a significant moment in the rollout of 5G and will be an opportunity for Apple to have a large upgrade cycle.

 

Counterpoint’s Research Director Tom Kang: “Apple has done a great job outperforming the global smartphone market. During the COVID-19 low point in Q2 2020, Apple was helped by the timely launch of the iPhone SE, which created a new, low price point for iPhones at $399. It helped Apple get through the worst months of COVID-19 and its lockdown periods.

 

In addition, the iPhone 11 has proved to have great longevity, still selling over one million devices per week on the brink of a refresh.

 

The SE and iPhone 11 helped maintain momentum through Q3 as the general market remained negative.”

 

2 counterpoint chart

 

COVID-19 has hit the market hard in 2020 but some parts of the

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Snowflake draws bullish calls from Wall Street, though some analysts say stock is fully valued

  • At least 19 investment banks initiated coverage of Snowflake on Monday, with price targets ranging from $214 to $350.
  • The stock rose 2.5% to close at $243.97.
  • Analysts agree that Amazon, Microsoft and Google are Snowflake’s top competitors, but they have differing views on how much of a threat those companies pose.



Frank Slootman wearing a suit and tie: Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020.


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Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020.

Less than a month after Snowflake debuted on the stock market with the biggest software IPO in history, Wall Street analysts are rushing to make predictions on the cloud database company, which is already valued at over $67 billion.

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At least 19 analysts initiated coverage of Snowflake on Monday following the post-IPO quiet period, according to reports collected by CNBC.

Among the nine buy ratings, the most bullish prediction came from Truist, which gave Snowflake a price target of $350, or 47%

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Wall Street’s top analysts are betting on buy-rated stocks like DraftKings and Etsy right now

Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so many different factors at play (with the coronavirus vaccines, and upcoming elections) it’s not easy to pinpoint stocks poised to outperform.



a police car parked in a parking lot: An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020.


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An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020.

One way to find the most compelling investing opportunities is to follow the latest stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service attempts to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst. 

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What’s more all six stocks covered below don’t just have the support

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Analysts worry about UK 5G support in ‘iPhone 12’

Members of the UK’s telecommunications industry are concerned that support for the country’s 5G networks may be limited in the upcoming “iPhone 12” release, with fears it may not include support for 700MHz networks.

It is believed 5G will be an important feature for the 2020 iPhone range, with the new communications technology promising high speed connectivity to consumers. However, Apple’s popular iPhone may cause issues for some carriers, depending on Apple’s implementation of the technology.

According to analysts speaking to The Telegraph, if Apple elects to not include support for 700MHz 5G bands, this could prevent it from working fully with carriers that build out their networks using it. Carriers are expected to take part in a 700MHz spectrum auction set to take place in early 2021, organized by national regulator Ofcom.

Carriers had the opportunity to reuse existing unused spectrum they own for 5G

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Morgan Stanley Analysts Reiterate $245 Price Target, See Promising Future in Microsoft’s Gaming Business

On Thursday, Morgan Stanley analysts reiterated their Overweight rating on Microsoft (MSFT) with a $245 price target. The analysts see great upside for Microsoft ahead of new Xbox console launches and following the $7.5B acquisition of game developer and publisher Bethesda Softworks.

The long-awaited release of the Xbox Series X/S console is approaching quickly. As expected, Microsoft should experience an uptick in hardware sales driven by the increase of “work/stay/play at home” activities from consumers. “The increase in gaming hardware revenue in FY21 vs.FY20 of $779 million in our model is already pressuring our existing FY21 gross margin estimates by ~35bps”, stated by Morgan Stanley analysts.

The analysts further noted: “Microsoft’s revenue base has grown meaningfully since (MSe $156 billion revenue in FY21 vs $110 billion in FY18), thus making the margin dilutive effect less meaningful now, in our view. Despite this modest gross margin headwind, we look for FY21

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Analysts Can’t Agree on What Prompted Big Spike in New Bitcoin Addresses

Bitcoin has seen a rapid rise in the creation of addresses on the blockchain so far this month, with one industry executive saying it’s likely due to traders moving funds off the legally troubled BitMEX exchange. Others point elsewhere.

  • The “entities net growth” metric from analytics firm Glassnode, which measures the daily change in unique entities or clusters of addresses controlled by a single participant, rose sharply by 244% from 9,750 to 33,620 in the first six days of October.
  • Tuesday’s tally of 33,620 was the highest since Oct. 3, 2018.
  • The surge in new entities noticeably picked up the pace in the wake of U.S. authorities’ recent decision to bring civil and criminal charges against cryptocurrency derivatives trading platform BitMEX and users’ resulting panicked migration of funds to other exchanges.
  • BitMEX has witnessed an outflow of at least 40,000 BTC (worth around $424 million at press time) since the
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Nvidia Analysts Laud New Products and Growth Outlook

Nvidia  (NVDA) – Get Report shares rose on Tuesday after analysts praised the semiconductor titan as it unveiled new products and issued a strong growth outlook for its data-center market.

The Santa Clara, Calif., graphics-chip specialist made the announcements during a technology conference. 

Nvidia’s shares recently traded at $564.08, up 3.4%. They have well more than doubled year to date. And they have more than tripled since they touched a 52-week low $176.50 almost exactly a year ago.

As for the analyst comments, “Nvidia’s pace of innovation appears to be accelerating, and its execution is going into overdrive as it continues to expand its ecosystem and open up a much larger [total addressable market] in the compute landscape,” wrote BMO Capital Markets analyst Ambrish Srivastava.

He rates the stock outperform and increased his share-price target to $650 from $565.

J.P. Morgan analyst Harlan Sur has an overweight rating

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Top analysts recommend stocks like Alibaba and AutoZone amid the September sell-off

The market is looking treacherous right now to end September, but top analysts still believe there are compelling stocks out there with robust upside ahead.



a person standing in front of a building: A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020.


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A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020.

Even in challenging economic times, there are still winners and losers. Indeed, some companies are benefiting from the current circumstances, while others continue to trade under-the-investor-radar. However, it’s fair to say that it’s best to pick your stocks wisely in case further volatility lies ahead.

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One way to go about this is to follow the latest stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service attempts to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success rate and average return measured on a one-year basis — factoring in

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What’s in the iPhone 12? Wall Street analysts give us their predictions

Apple users are still awaiting the unveiling of the iPhone 12, after the tech giant introduced only new iPads, Apple Watches and a new services bundle at its virtual event last week.



a person sitting at a table in front of a building: BANGKOK, THAILAND - JULY 31: Thai visitors look out the large windows at Apple Central World on the stores opening day on July 31, 2020 in Bangkok, Thailand. Apple's second, and largest, retail location opened today at the Central World shopping mall in Bangkok, Thailand.Ê Crowds lined up in socially distanced queues after being temperature scanned upon entry to the area. Using contact tracing applications and allowing only 30 visitors in at a time, Apple Central World, provided a safe environment to allow product fans to experience their new retail location. (Photo by Lauren DeCicca/Getty Images)


© Lauren DeCicca/Getty Images
BANGKOK, THAILAND – JULY 31: Thai visitors look out the large windows at Apple Central World on the stores opening day on July 31, 2020 in Bangkok, Thailand. Apple’s second, and largest, retail location opened today at the Central World shopping mall in Bangkok, Thailand.Ê Crowds lined up in socially distanced queues after being temperature scanned upon entry to the area. Using contact tracing applications and allowing only 30 visitors in at a time, Apple Central World, provided a safe environment to allow product fans to experience their new retail location. (Photo by Lauren DeCicca/Getty Images)

Wall Street analysts are betting that Apple will hold another event to introduce the next iPhone in coming

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