Selected stock price target news of the day - May 2nd, 2025

By: Matthew Otto

Apple Beats Q2 Estimates with Record EPS and Services Revenue Amid Rising Tariff Costs

Apple reported fiscal second-quarter results for the period ended March 29, 2025, delivering earnings per share (EPS) of $1.65, a $0.04 ahead of the consensus estimate of $1.61. Reported a revenue of $95.36 billion, topping the $94.22 billion expected by analysts. This represents a 5% year-over-year increase in revenue and an 8% rise in EPS.

Net income rose to $24.78 billion from $23.64 billion in the same quarter last year. iPhone sales reached $46.84 billion, beating expectations by $1 billion, while Mac and iPad revenues rose to $7.95 billion and $6.4 billion, respectively. Services revenue at $26.65 billion, up 11.65% year over year, though slightly below expectations. Gross margin remained stable at 47.1%, and operating cash flow came in at $24 billion.

CEO Tim Cook acknowledged rising cost pressures, noting that tariffs are expected to add $900 million in expenses in the June quarter. CFO Kevan Parekh projected revenue growth in the “low to mid-single digits” and a gross margin of approximately 46% for Q3. Regional performance was mixed, with Greater China revenue slightly lower at $16 billion, while the Americas grew nearly 8%.

Analysts Mixed Ratings as Q2 Results Outperform but Risks Emerge

Jefferies analyst Edison Lee downgraded from Hold to Underperform but raised the price target from $167.88 to $170.62.
DA Davidson analyst Gil Luria reaffirmed a Buy rating and boosted the price target from $230 to $250.
Needham analyst Laura Martin reiterated Buy rating and a $225 price target.
Rosenblatt analyst Barton Crockett shifted from Buy to Neutral and assigned a $217 price target.
Citi analyst Atif Malik maintained a Buy rating but lowered the price target from $245 to $240.
Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and the price target at $235.

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

Analyst David Vogt (UBS) currently has the highest performing score on AAPL with 34/35 (97.14%) price target fulfillment ratio. His price targets carry an average of $5.4 (2.64%) potential upside. Apple stock price reaches these price targets on average within 160 days.

Amazon Tops Q1 2025 Earnings Estimates but AWS Growth and Q2 Guidance Stir Caution

Amazon.com reported first-quarter 2025 earnings per share (EPS) of $1.59, surpassing analyst expectations by $0.22. Revenue for the quarter reached $155.7 billion, slightly ahead of the $155.29 billion consensus estimate and up 9% year-over-year, or 10% on a constant currency basis. Operating income rose to $18.4 billion from $15.3 billion in Q1 2024. Net income jumped to $17.1 billion, compared to $10.4 billion a year ago.

AWS revenue increased 17% to $29.3 billion. Regionally, North America sales climbed 8% to $92.9 billion, and international segment sales grew 5% to $33.5 billion (8% adjusted for FX). Advertising revenue grew 19% year-over-year to $13.92 billion, while operating cash flow for the trailing twelve months rose 15% to $113.9 billion. Free cash flow declined to $25.9 billion from $50.1 billion.

For the second quarter of 2025, Amazon guided for net sales between $159.0 billion and $164.0 billion, representing 7% to 11% year-over-year growth and bracketing the consensus estimate of $161 billion. Amazon expects a roughly 10 basis point negative impact from foreign exchange rates. Operating income is forecasted between $13.0 billion and $17.5 billion, compared to $14.7 billion in Q2 2024 and below the average analyst estimate of $17.7 billion.

Analysts Stay Bullish Following Q1 Beat Despite Cautious Outlook

JP Morgan analyst Doug Anmuth maintained an Overweight rating and raised the price target from $220 to $225.
Needham analyst Laura Martin reiterated a Buy rating and a $220 price target.
Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and a $235 price target.

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

Analyst Barton Crockett (ROSENBLATT) currently has the highest performing score on AMZN with 12/13 (92.31%) price target fulfillment ratio. His price targets carry an average of $57.85 (25.25%) potential upside. Amazon.com stock price reaches these price targets on average within 151 days.

iRhythm Reports Q1 2025 Financial Performance with Increased Revenue and Gross Margin

iRhythm Technologies reported its financial results for the first quarter of 2025, with revenue reaching $158.7 million, a 20.3% increase compared to $131.9 million in the same period of 2024. This result surpassed the consensus estimate of $153.49 million.

Gross profit for the quarter was $109.2 million, reflecting a 24.8% increase from the prior year’s $87.5 million, while gross margin improved to 68.8%, up 250 basis points from 66.3% in Q1 2024. iRhythm reported a net loss of $30.7 million, or a diluted loss of $0.97 per share, compared to a net loss of $45.7 million, or a diluted loss of $1.47 per share, in Q1 2024.

Adjusted net loss for the quarter was $30.3 million, a slight improvement from the adjusted net loss of $38.1 million in the same period of 2024. Additionally, iRhythm exceeded analyst expectations with Q1 EPS of ($0.95), beating the consensus estimate of ($0.96).

For the full year 2025, iRhythm has raised its revenue guidance to a range of $690 million to $700 million, surpassing the consensus estimate of $681.7 million. iRhythm expects its adjusted EBITDA margin for FY2025 to range between 7.5% and 8.5% of revenues. Operating expenses for the first quarter of 2025 were $141.8 million, up from $125.7 million in Q1 2024.

Analysts Raise Price Targets Following Q1 2025 Results

HC Wainwright & Co. analyst Mike Colonnese maintained a Buy rating and raised the price target from $480 to $521.
Canaccord Genuity analyst Joseph Vafi maintained a Buy rating while increasing the price target from $409 to $464.
BTIG analyst Marie Thibault kept a Buy rating and raised the price target from $135 to $140.

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

Analyst David Roman (GOLDMAN SACHS) currently has the highest performing score on IRTC with 2/3 (66.67%) price target fulfillment ratio. His price targets carry an average of $11.33 (10.06%) potential upside. iRhythm Technologies stock price reaches these price targets on average within 11 days.