Selected stock price target news of the day - January 21st, 2025

By: Matthew Otto

Apple Downgraded Amid Weak iPhone Demand and AI Concerns

Apple faced a downgrade from Jefferies analyst, Edison Lee, on concerns about weak iPhone demand and limited enthusiasm for new artificial intelligence (AI) features. Lee reduced its rating to Underperform from Hold and slashed its price target by 13% setting it at $200.75. Edison Lee noted a 4% decline in iPhone shipments during the December quarter, aligning with the firm’s earlier concerns.

Apple has launched AI-driven features in its latest devices, including email summaries and personalized emojis, but consumer surveys suggest limited interest. These findings indicate AI might not drive a significant upgrade cycle in the near term.

Analyst Downgrades and Adjustments Highlight Challenges

Loop Capital analyst Ananda Baruah downgraded from Buy to Hold and set a price target of $230.
JP Morgan analyst Samik Chatterjee maintained an Overweight rating but reduced the price target from $265 to $260.
Needham analyst Laura Martin reiterated a Buy rating and held on a $260 price target.
Jefferies analyst Edison Lee lowered rating from Hold to Underperform and the price target from $211.84 to $200.75.

Which Analyst has the best track record to show on AAPL?

Analyst Krish Sankar (TD COWEN) currently has the highest performing score on AAPL with 31/31 (100%) price target fulfillment ratio. His price targets carry an average of $31.76 (14.55%) potential upside. Apple stock price reaches these price targets on average within 181 days.

Bank OZK Exceeds Analyst Expectations with Q4 and Full-Year 2024 Earnings Growth

Bank OZK reported net income of $178.1 million for Q4 2024, representing a 4.1% increase from $171.1 million in Q4 2023. Diluted earnings per share (EPS) were $1.56 for the quarter, surpassing analyst expectations by $0.12, as the consensus estimate was $1.44. Revenue for the quarter reached $412.34 million, exceeding the consensus estimate of $407.32 million.

For the full year, net income rose 3.8% year-over-year to $700.3 million, while diluted EPS grew 4.6% to $6.14. Pre-tax pre-provision net revenue (PPNR) for Q4 was $272.2 million, reflecting a 3.7% increase from Q4 2023 but a decline of the same percentage from Q3 2024. For the full year, PPNR reached $1.11 billion, up 7.2% compared to 2023.

Key balance sheet metrics highlighted growth, with loans rising 13.3% year-over-year to $29.97 billion and deposits increasing by the same percentage to $31.04 billion. Total assets grew 11.7% to $38.26 billion, while common stockholders’ equity climbed 11.8% to $5.37 billion.

Asset quality metrics showed an uptick, with nonperforming loans rising to 0.44% of total loans and nonperforming assets increasing to 0.53% of total assets at year-end 2024. Annualized returns on average assets and average common stockholders’ equity for the year stood at 1.91% and 13.77%, respectively.

Analyst Ratings Reflect Mixed Sentiment Following Results

Stephens & Co. analyst Matt Olney maintained an Equal-Weight rating and raised the price target from $53 to $57.
Wells Fargo analyst Jared Shaw upgraded from Underweight to Equal-Weight while the price target from $40 to $48.
Citi analyst Benjamin Gerlinger kept a Sell rating and raised the price target from $38 to $40.

Which Analyst has the best track record to show on OZK?

Analyst Brandon King (TRUIST) currently has the highest performing score on OZK with 10/10 (100%) price target fulfillment ratio. His price targets carry an average of $3.03 (7.05%) potential upside. Bank OZK stock price reaches these price targets on average within 45 days.

Logitech Announces Rally Camera Streamline Kit for Learning and Workplace Applications

Logitech has introduced the Rally Camera Streamline Kit, a USB Pan Tilt Zoom (PTZ) video solution designed to simplify AV setups in education and workplace settings.

The kit includes the Logitech Rally Camera, an Extension Kit, mounting hardware, and three preset buttons. The Extension Kit allows the camera to connect to USB-based AV systems and power sources up to 100 meters away using a single category cable. Installation options include wall mounting, inverted National Pipe Thread (NPT) mounting, and tripod setups, with integrated cable management for organized installations.

The Rally Camera supports preset PTZ views, controlled via contextually placed buttons for streamlined operation. The kit is compatible with multiple operating systems and widely used video collaboration platforms.

Scheduled for pre-order in spring 2025, the complete kit is priced at $2,199. Individual components, including the Extension Kit and mounts, will be sold separately for modular system customization.

Analyst Adjusts Price Target Amid New Product Launch

JP Morgan analyst Samik Chatterjee maintained a Neutral rating and raised the price target from $93 to $99.

Which Analyst has the best track record to show on LOGI?

Analyst Alicia Reese (WEDBUSH) currently has the highest performing score on LOGI with 12/12 (100%) price target fulfillment ratio. Her price targets carry an average of $7.56 (9.40%) potential upside. Logitech stock price reaches these price targets on average within 93 days.