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Business Insider
43 minutes ago
- Business Insider
iPad Fold 'On Hold' Apple Stock (NASDAQ:AAPL) Gains Despite Device Delay
So, long-time watchers of consumer electronics giant Apple (AAPL) know that Apple has been pursuing foldable devices for some time now. And one of these devices is apparently on track. That cannot be said for a different model, though. The end result is a net positive for Apple investors, who sent shares up over 2% in the closing minutes of Wednesday afternoon's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. We know that Apple is planning to debut the foldable iPhone in 2026, at last report. And that launch date looks like it is on track to happen. However, the same cannot be said for the foldable iPad, also known as the iPad Fold. Development on that device has been put on hold, reports noted, and the reasons why may surprise you. Apparently, the iPad Fold is running into manufacturing issues, as well as mounting production expenses thanks to that foldable display that makes an iPad Fold an iPad Fold. But worse yet, there is flagging customer interest in the 'larger foldable devices' like the iPad Fold. Between the fact that the iPad Fold is a lot more expensive to make than expected, and there is less demand for it than expected, the end result is a project that is at least stalled, and potentially, dead altogether. Perfect Timing However, a separate report noted that the Apple TV 4K may be coming out at the perfect moment. Apple TV may have plenty of longevity—the earliest models actually preceded the iPhone, reports note—but it was not always an attractive buy. However, the new Apple TV 4K, due out this fall, could be Apple's first home entertainment release that goes mainstream. The new Apple TV 4K is eminently affordable, with a price tag of just $129. But it also releases into a crowded market, as most televisions these days serve as their own streaming app hubs. Two factors could change this for Apple, reports note, as Apple TV+ is proving an increasing success and viewers grow more frustrated with their advertising content. With competitors pushing more and more advertising content on viewers, viewers may want a simpler, less-cluttered experience. For that, they can turn to Apple. Is Apple a Buy, Hold or Sell? Turning to Wall Street, analysts have a Moderate Buy consensus rating on AAPL stock based on 15 Buys, 10 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 6.2% loss in its share price over the past year, the average AAPL price target of $224.22 per share implies 5.49% upside potential.
Business Insider
an hour ago
- Business Insider
MA Financial Group Reaffirms Their Buy Rating on Aurelia Metals (AUMTF)
MA Financial Group analyst Paul Hissey maintained a Buy rating on Aurelia Metals today and set a price target of A$0.32. The company's shares closed last Tuesday at $0.13. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Hissey is a 4-star analyst with an average return of 19.3% and a 57.14% success rate. Hissey covers the Basic Materials sector, focusing on stocks such as Hillgrove Resources Limited, Gold Road Resources Ltd, and Alkane Resources Ltd. Aurelia Metals has an analyst consensus of Strong Buy, with a price target consensus of $0.19, representing a 52.00% upside. In a report released on June 30, Ord Minnett also maintained a Buy rating on the stock with a A$0.31 price target.
Business Insider
an hour ago
- Business Insider
Another New Recall Does Little Damage to Ford Stock (NYSE:F)
If the news of recalls at legacy automaker Ford (F) is starting to get a bit tiresome, then you are seeing perhaps the biggest problem in its full bloom. Another recall landed at Ford, though this one might be an easy fix. The news meant little to shareholders, who gave Ford a hefty 3.5% boost in Wednesday afternoon's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The latest recall is on the rear-view camera, reports note. A software defect in the camera can cause it to fail, which increases the risk of a vehicle crash, and potentially, injury from there. Anyone who has used a rear-view camera recently, and knows what it is like to drive without one—particularly in a crowded parking lot—knows what kind of utility such a camera can offer. Ford noted that the camera could malfunction in one of two ways: the camera could display a blank image outright, or the last image might remain on the display even after backing up is complete. The fix for such a problem should be simple, however. Dealerships will update the camera's software with the appropriate fix, once available. Those whose vehicles are impacted will receive notice in a practice that Ford has had a lot of opportunity to perfect these days. Switching Lanes Meanwhile, BlueCruise—Ford's Level 2 hands-free driving system —is getting an update as well, and delivering some noteworthy new features. The new system can actually perform automated lane changes, which allows it to pass slower-moving vehicles and also get out of the way of faster-moving vehicles coming up from behind. There are some revisions to the user interface set to come in as well, which will offer up reasons why BlueCruise made the moves it did. For instance, it can notify a driver why hands-free driving was shut down. There is, unfortunately, bad news that goes along with this. The new version of BlueCruise, version 1.5, features upgraded Advanced Driver Assistance (ADAS) hardware. Thus, users of older BlueCruise systems will not be able to get the update as their hardware will prove incompatible. Is Ford Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on F stock based on two Buys, 12 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After an 11.81% loss in its share price over the past year, the average F price target of $9.71 per share implies 17.33% downside risk.
