Latest news with #TimLong
Yahoo
08-08-2025
- Business
- Yahoo
Barclays Boosts Arista Networks (ANET) Price Target to $151 After Strong Q2 and AI Outlook
Arista Networks Inc (NYSE:ANET) is one of the . On August 6, Barclays analyst Tim Long raised the price target on the stock to $151.00 (from $119.00) while maintaining an Overweight rating. The rating affirmation follows Arista Networks' second-quarter earnings report which beat expectations and included guidance for both the third quarter and fiscal year 2025 which exceeded market forecasts. Barclays has also increased its campus segmenta forecast. The firm anticipates it to surpass $1.5 billion in AI networking revenues for the year. 'The strength was broadbased with the higher guide assuming momentum across AI, cloud, and the enterprise, and ANET continued its track record of efficiency with improved inventory management and supply chain benefiting margins.' A network engineer monitoring a large server cluster in a busy datacenter. The firm remains confident in Arista's ability to achieve over $10B in revenues in 2026. 'We raise our estimates and remain confident in ANET's ability to execute to achieve over $10B in revenues in 2026. The growth opportunity is widespead, and we maintain the view that the long-term revenue CAGR of mid-teens could see upside.' Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions. While we acknowledge the potential of ANET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Business Insider
26-06-2025
- Business
- Business Insider
‘Sell' Apple Stock, Says Top Analyst Despite YTD Underperformance
Apple (AAPL) stock is down 19.8% year-to-date and continues to lag behind both the broader technology sector and the Magnificent Seven stocks. Despite this underperformance, Barclays' top analyst Tim Long maintained his 'Sell' rating on AAPL, with a price target of $173, implying 13.6% downside potential from current levels. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Long is a five-star analyst on TipRanks. He ranks #165 out of the 9,646 analysts covered by TipRanks. Overall, Long boasts a success rate of 64% and an average return per rating of 14.4%. Notably, Long has maintained a Sell rating on Apple stock since January 2, 2024. Why Is Barclays Bearish on AAPL Stock? Long remains negative on AAPL stock because he believes that Apple's iPhones are no longer experiencing the growth they once did. Additionally, he is worried that Apple's Services segment is 'very concentrated and at risk.' Most notably, the analyst believes that Apple's other products have limited impact on the company's stock price performance. To sum up, Long's bearish view on Apple stock is based on the following three factors: iPhone sales are not experiencing significant growth Apple's Services segment is highly concentrated and faces elevated risk Apple's other products have only a minimal impact on AAPL's stock value The five-star analyst was also unimpressed by Apple's recent annual Worldwide Developers Conference (WWDC). Long noted that the changes to Apple's operating systems and the limited enhancements to Apple Intelligence will likely have little impact on Apple's future growth prospects. Moreover, Apple faces looming tariff threats as it continues to shift its manufacturing hub to India, despite repeated warnings from President Trump. Furthermore, Apple has indefinitely delayed the launch of its updated Siri version. These are the reasons Long believes consumers will not be motivated to upgrade to newer iPhone models this year. Is Apple Stock a Good Buy? Analysts remain divided on Apple's long-term stock trajectory. On TipRanks, AAPL stock has a Moderate Buy consensus rating based on 13 Buys, eight Holds, and two Sell ratings. Also, the average Apple price target of $230.77 implies 15.2% upside potential from current levels.
CNBC
10-06-2025
- Business
- CNBC
Apple's developers conference left Wall Street analysts underwhelmed. Here's what they said
Wall Street analysts remained unimpressed following Apple's annual developer conference on Monday, after the iPhone maker failed to introduce substantial artificial intelligence updates. Apple unveiled several software updates including "Liquid Glass," its first major redesign of its iPhone operating system since 2013. Still, this wasn't enough to outweigh the disappointment that Apple hasn't made as much progress on the AI front as competitors such as Google and OpenAI. The stock lost more than 1% on Monday following the announcements and were flat on Tuesday. "The new software looks very nice but isn't exactly the kind of stuff that drives the "buy orders" on the trading desk," Melius Research analyst Ben Reitzes wrote. To be sure, many analysts kept their ratings and price targets unchanged. Here's what some at major shops on Wall Street had to say: Barclays keeps underweight rating and price target of $173 Analyst Tim Long's target implies about 14% downside from Monday's close. "We were not expecting much from the annual WWDC keynote, but were still slightly disappointed at the content and features announced today. We view changes to all device Operating Systems and Apple Intelligence as incremental, and not enough to drive any upgrade cycles." UBS reiterates neutral rating and $210 per share price target UBS' target calls for 4% upside. "WWDC announcements are more evolutionary than revolutionary in our view. Apple made a number of software-related announcements at its annual developer conference, marking the second year in a row where WWDC was largely software-focused and in our view unlikely to drive iPhone demand. While we believe some investors were hopeful that Apple could announce a new iPhone form factor or a 'killer' Apple Intelligence app, the updates were in-line with our more modest expectations. Therefore, we believe consensus iPhone revenue estimates over the next 4 quarters are too optimistic." Bank of America keeps buy rating, $235 per share price target Analyst Wamsi Mohan's price target is approximately 17% above Apple's closing price on Monday. "Overall, Apple is expanding its AI offering and leaning into its ecosystem and reputation for seamlessness by standardizing both tools and the OS across their products. Maintain Buy on resilient earnings, strong capital returns and optionality to monetize incremental avenues of growth." Morgan Stanley reiterates overweight rating, price target of $235 "WWDC 2025 was more akin to 'dub dub' of old, featuring a focus on OS design overhauls and product UI unification, alongside a sprinkling of AI upgrades. Sentiment is unlikely to shift until more tangible AI progress is evident, though Apple clearly still has the ingredients to make it an AI winner." Citi maintains buy rating, keeps price target at $240 Analyst Atif Malik's price target implies upside of 19% ahead. "Apple held its 2025 WWDC today with a major revamp of its software designs across Apple platforms, new operating systems, and Apple Intelligence updates. Overall, we like the new and more unified 'Liquid Glass' design across all platforms, the continued improvement on Vision Pro, the more Mac-like iPadOS and more iPhone apps on MacOS for continuity, and how Apple Intelligence is deeply integrated in apps across Apple devices, even though we acknowledge that investors focus is on the previously delayed personalized Siri update to 2026." JPMorgan keeps overweight rating and $240 per share price target "Apple's WWDC event did not include any major surprises that would convince investors around material changes to their outlook for either iPhones (or other devices) with the company marking out a set of incremental updates to its platform on different devices as well as opening up access to on-device Foundational AI models to developers — which can potentially be instrumental in driving interesting use cases/applications for consumers in time, but with limited immediate tailwinds." Goldman Sachs reiterates buy rating and $253 price target The bank's forecast corresponds to a potential upside of 26%. "AAPL traded down ~1% following the WWDC25 keynote (note: AAPL declined 2% last year after WWDC24), where the company announced design improvements and new features across its operating systems and first-party apps, but failed to demonstrate substantial progress in Apple Intelligence." Melius Research reiterates buy rating, $240 price target "WWDC25 didn't have anything groundbreaking that would change the narrative. Apple still needs to reignite confidence in its services business with new innovations (not toll-taking) and re-accelerate iPhone revenues with new designs. The next potential catalyst for Apple is likely the launch of those new iPhones in September including an 'Air' model and higher value models that could help drive category growth." — CNBC's Michael Bloom contributed to this report.
Business Insider
07-06-2025
- Business
- Business Insider
Barclays Reaffirms Their Buy Rating on Arista Networks (ANET)
Barclays analyst Tim Long reiterated a Buy rating on Arista Networks (ANET – Research Report) today and set a price target of $119.00. The company's shares opened today at $96.11. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Long covers the Technology sector, focusing on stocks such as Apple, Motorola Solutions, and Arista Networks. According to TipRanks, Long has an average return of 13.7% and a 62.39% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arista Networks with a $109.38 average price target, representing a 13.81% upside. In a report released on May 30, Evercore ISI also maintained a Buy rating on the stock with a $105.00 price target.
CNBC
02-05-2025
- Business
- CNBC
Apple's earnings exceeded expectations, but investors were still left wanting more. Here's how analysts reacted
Apple posted quarterly results that exceeded analyst expectations, but said that its forward outlook remains murky due to existing tariff headwinds. Nonetheless, most analysts remain bullish on the iPhone maker. On Thursday, Apple reported fiscal second-quarter earnings of $1.65 per share on revenue of $95.4 billion. This beat prior analyst estimates of $1.63 per share on $94.66 billion in revenue, per LSEG. But investors were left feeling somewhat unsatisfied after Apple's services revenue of $26.65 billion for the quarter came in below the expected $26.70 billion, according to StreetAccount. This number still represented an annual increase of 11.65%. Apple's Services division includes subscriptions to applications such as iCloud, Apple Music and Apple TV+. CEO Tim Cook said that the company saw "limited impact" from tariffs in its March quarter because of supply chain optimization, but estimated that tariffs would add $900 million in costs for the current quarter. However, he added that he remained "confident" looking ahead. Shares of Apple fell nearly 3% in Friday's early morning trading hours. But overall, analysts on Wall Street maintained their bullish stance on Apple, although a few reduced their forward forecasts. Here's what analysts at some of the biggest shops on Wall Street had to say on the report. Barclays keeps underweight rating, $173 per share price target Analyst Tim Long's target implies about 19% downside from Thursday's close. "On a high level, we expect limited refresh activity near term related to Apple Intelligence due to Siri delay. Overall, we are still worried about China, regulatory risk for Services (GOOG TAC and App Store), undefined AI strategy and muted sell-throughs for IP16." UBS reiterates neutral rating, $210 per share price target UBS' forecast corresponds to a nearly 2% slide in valuation. "We make minor adjustments to our full year Apple estimates as we think upside in the March quarter from the 'pull-forward' of iPhone shipments ahead of the proposed tariffs likely reduces units in the second half of fiscal 2025." Morgan Stanley maintains overweight rating, $235 per share price target Morgan Stanley's target calls for 10% upside going forward. "The fact that Apple only faces $900M of tariff costs in the June Q, despite being over-indexed to China, shows SE Asia production diversification is working. That said, mgmt wasn't able to provide any segment-level guidance for the June Q (not even Services, which they effectively always do), couldn't commit to how much Product would come from India/Vietnam in the September quarter and beyond (leaving the tariff cost impact open-ended), didn't address pricing or other tariff mitigation tools, and didn't provide an updated timeline for the new Siri introduction." Bank of America stands by overweight rating but lowers price target to $235 from $240 "We take a relatively cautious view into gross margins for the remainder of the calendar year and model further deterioration beyond the June qtr. The company raised its dividend, boosted share repurchase authorization and remains confident on its ability to manage the portfolio through near-term volatility. Reiterate Buy on stable cash flows, earnings resiliency and strong capital return program." JPMorgan keeps overweight rating, cuts price target to $240 per share from $245 Analyst Samik Chatterjee's forecast is 13% above Apple's Thursday closing price. "Apple's results showcased the resilience that investors have come to expect as the outcomes outlined by the company in relation to F3Q (June-end) guidance was better than feared by investors in the context of a challenging macro and tariff uncertainty." Citi reiterates buy rating, reduces price target to $240 from $245 "Net-net, Apple's fundamentals remain intact, and the company delivered decent results/guide in a tough tariff environment." Evercore ISI reiterates outperform rating, $250 per share target price Analyst Amit Daryanani's price target was approximately 17% higher than Apple's closing price on Thursday. "AAPL continues to execute well in a challenging macro environment and while we think there remains uncertainty in H2 the potential is for AAPL to start to see tailwinds from an iPhone 17 cycle coupled with potentially better clarity on the tariff situation." Goldman Sachs stands by buy rating, $253 per share price target Goldman Sachs' target equates to 19% upside. "EPS beat on Services strength; lowering estimates on product margin tariff headwinds." — CNBC's Michael Bloom and Kif Leswing contributed to this report.
