Apple Inc. (NASDAQ:AAPL) is expected to report quarterly earnings on October 27, 2022. Analysts expect the company reporting earnings at $1.27 per share on revenue of $88.9 billion.
However, several analysts lowered price targets on Apple recently.
- On Monday, Erik Woodring at Morgan Stanley lowered price target on Apple from $180 to $177, but maintained an Overweight rating on the stock. Erik Woodring has an accuracy rate of 33%.
- Last week, Credit Suisse analyst Shannon Cross slashed price target on the iPhone maker from $201 to $190. However, Cross reiterated an Outperform rating on the stock. Shannon Cross has an accuracy rate of 19%.
- Barclays analyst Tim Long cut price target on Apple from $169 to $155. However, Long maintained an Equal-Weight rating on the stock. Tim Long has an accuracy rate of 62%.
Apple shares gained 1.2% to trade at $144.06 on Tuesday.
