Technology
Alphabet, Apple, Microsoft Ratings Action After June-Quarter Earnings
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Well, that didn’t take long. After Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL) and Microsoft Corp. (NASDAQ: MSFT) reported stellar results on Tuesday, brokerages didn’t waste any time making some changes to price targets. So far, we have spotted only one change to ratings: RBC Capital Markets resumed coverage of Microsoft with an Outperform rating and a price target increase from $290 to $360.
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Here are three tables listing all the analyst moves we have as of 10:30 a.m. Wednesday morning.
Alphabet
| Brokerage | Rating Action | Price Target |
|---|---|---|
| Oppenheimer | Reiterated Outperform | $2510 » $3000 |
| Susquehanna | Reiterated Positive | $3100 » $3600 |
| BMO Capital Markets | Reiterated Outperform | $2700 » $3000 |
| Raymond James | Reiterated Outperform | $2750 » $3200 |
| Stifel | Reiterated Buy | $2700 » $3000 |
| Cowen | Reiterated Outperform | $2900 » $3300 |
| Guggenheim | Reiterated Buy | $2850 » $3140 |
| Morgan Stanley | Reiterated Overweight | $2575 » $3000 |
| Jefferies | Reiterated Buy | $2950 » $3150 |
| Barclays | Reiterated Overweight | $3000 » $3200 |
| Credit Suisse | Reiterated Outperform | $3350 » $3400 |
| BofA Securities | Reiterated Buy | $2755 » $3150 |
| Mizuho | Reiterated Buy | $2800 » $3000 |
| Wolfe Research | Reiterated Outperform | $2900 » $3400 |
| Needham | Reiterated Buy | $2700 » $3200 |
| KeyBanc Capital Markets | Reiterated Overweight | $2681 » $3071 |
| Truist | Reiterated Buy | $2800 » $3100 |
| JPMorgan | Reiterated Overweight | $2875 » $3250 |
| Canaccord Genuity | Reiterated Buy | $2800 » $3100 |
Apple
| Brokerage | Rating Action | Price Target |
|---|---|---|
| Monness Crespi & Hardt | Reiterated Buy | $180 » $184 |
| Morgan Stanley | Reiterated Overweight | $166 » $168 |
| Barclays | Reiterated Equal Weight | $134 » $142 |
| Oppenheimer | Reiterated Outperform | $160 » $165 |
| Wolfe Research | Reiterated Underperform | $125 » $135 |
| Deutsche Bank | Reiterated Buy | $165 » $175 |
| Wells Fargo | Reiterated Overweight | $160 » $165 |
| Loop Capital | Reiterated Buy | $150 » $165 |
| Canaccord Genuity | Reiterated Buy | $175 » $185 |
Microsoft
| Brokerage | Rating Action | Price Target |
|---|---|---|
| Griffin Securities | Reiterated Buy | $290 » $345 |
| Morgan Stanley | Reiterated Overweight | $300 » $305 |
| Credit Suisse | Reiterated Outperform | $300 » $320 |
| Barclays | Reiterated Overweight | $325 » $330 |
| Wolfe Research | Reiterated Outperform | $290 » $315 |
| Citigroup | Reiterated Buy | $378 » $411 |
| Mizuho | Reiterated Buy | $310 » $325 |
| Cowen | Reiterated Outperform | $310 » $320 |
| Stifel | Reiterated Buy | $305 » $325 |
| Rosenblatt | Reiterated Buy | $333 » $349 |
| BofA Securities | Reiterated Buy | $325 » $340 |
| RBC Capital Markets | Resumed Outperform | $290 » $360 |
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