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Wall Street Analysts Bullish on Tech Giants: Apple, Amazon, and More
1 Aug
Summary
- Morgan Stanley raises Apple's price target, calls it the "strongest quarterly report in 2+ years"
- Bernstein reiterates Coinbase as "extremely well positioned" amid crypto market shifts
- JPMorgan upgrades DoubleVerify and Citizens Financial, citing positive catalysts
According to the latest Wall Street research, several major tech companies are poised for strong performance in the coming months. Morgan Stanley has reiterated its "overweight" rating on Apple, raising the price target to $240 per share following the company's "strongest quarterly report in 2+ years." The firm cited broad-based outperformance across Apple's product and services segments, as well as strong growth across regions.
Elsewhere in the tech sector, Bernstein has reaffirmed its "outperform" rating on Coinbase, stating that the crypto exchange remains "extremely well positioned" despite ongoing market volatility. Bernstein expects increased trading activity in Ethereum, Solana, and other blockchain assets, driven by the growing adoption of stablecoins and asset tokenization.
Beyond tech, JPMorgan has made several notable rating changes. The bank upgraded DoubleVerify Holdings to "overweight," citing the digital media company's attractive positioning in the ad verification and optimization market. JPMorgan also upgraded Citizens Financial, anticipating a slew of positive catalysts for the banking firm, including higher markets-related revenues and the potential for dividend increases.
