Latest news with #TomForte
CNBC
10 hours ago
- Business
- CNBC
Little information from Apple on Siri AI upgrade 'disappointing', says Maxim's Tom Forte
Tom Forte, Maxim Group, joins 'Closing Bell Overtime' to talk the new announcements out of Apple's WWDC.
CNBC
22-05-2025
- Business
- CNBC
Apple will ultimately get AI right, says Maxim Group's Tom Forte
Tom Forte, Maxim Group senior consumer internet analyst, joins 'Money Movers' to discuss Apple following the news of OpenAi investing in former iPhone designers company.
Business Insider
17-05-2025
- Business
- Business Insider
Maxim Group Sticks to Their Buy Rating for ReposiTrak (TRAK)
In a report released yesterday, Tom Forte from Maxim Group reiterated a Buy rating on ReposiTrak (TRAK – Research Report). The company's shares closed yesterday at $22.41. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Forte is a 4-star analyst with an average return of 8.4% and a 46.41% success rate. Forte covers the Consumer Cyclical sector, focusing on stocks such as Beyond Inc, Light & Wonder, and Jakks Pacific. The analyst consensus on ReposiTrak is currently a Hold rating. TRAK market cap is currently $409.6M and has a P/E ratio of 69.01. Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRAK in relation to earlier this year.
Yahoo
12-05-2025
- Business
- Yahoo
Apple could hike iPhone prices 'independent' of tariff pressure
Apple (AAPL) stock jumped after the US and China agreed to temporarily ease tariffs. Maxim Group managing director and senior consumer internet analyst Tom Forte explains why Apple may still raise iPhone prices this fall despite the relief from the temporary trade agreement. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Let's dig into this journal report, Tom. They say citing sources Apple is considering raising iPhone prices this fall alongside new features, design changes. As a financial analyst, Tom, you know Apple as well as anybody. You read that report. What do you make of it? Yeah. So going back to that March earnings call, uh, Apple was hesitant to say that it was going to take price. It said it was considering raising prices as a way to mitigate the impact of tariffs. So so I do think that it seems logical to me that the company may take price on the iPhones. The good news all along for Apple has been that it's a premium brand, it has pricing power. So while not able to offset, uh, you know, 100 plus percent tariff from China if necessary, uh, it can raise prices to to mitigate it. So I do think that there's some logic or that makes a lot of sense to me that Apple may want to raise prices on the iPhone independent of the tariff situation. And and so they do have pricing power time. I guess, how much power do you think? I I would speak just to put some numbers on it. I was speaking this morning to Gene Munster, now with Deepwater Asset Management. I I I asked Munster this question, and his take was, well, he thinks if if a 10% basic tariff does remain in place. If that's the case, Tom, then he thinks he thinks Cook does raise iPhone prices 5% in the fall. Um, he doesn't think 5% would dent demand materially, but those numbers, I mean, roughly Tom, do those make sense to you? Yes, so Josh, as you know, when Apple raises price, it may raise the price of the pro, but not the base model. It may raise the price of the pro max. It may raise the price of, you know, getting higher memory. There's a lot of different levers that Apple can pull when it comes to increasing prices. Um, on a notion of a 10% call permanent tariff, a 5% price hike makes a lot of sense to me, but I do feel like Apple's benefiting from carriers who are once again heavily subsidizing the purchases to improve their competitive set or where they stand competitively versus their other carriers. So in that regard, maybe you could argue that they could raise prices more than 5%. So so 5% I think is a reasonable number, but I would argue that potentially the full 10% is also possible. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Apple could hike iPhone prices 'independent' of tariff pressure
Apple (AAPL) stock jumped after the US and China agreed to temporarily ease tariffs. Maxim Group managing director and senior consumer internet analyst Tom Forte explains why Apple may still raise iPhone prices this fall despite the relief from the temporary trade agreement. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Sign in to access your portfolio
