(See Apple Hedge Fund Activity on TipRanks) The technology company would most likely prefer to increase its consumer penetration and the stickiness of its ecosystem over the intense regulatory oversight which comes with obtaining a bank charter. Amit Daryanani of Evercore ISI doesn’t expect this, noting that Apple’s current path is far more beneficial.ĭaryanani argued that AAPL will most likely continue scaling its fintech segment, concentrating its efforts on building a closed-loop payments system. One of which is its growing payments business, in which it operates its Apple Pay platform, and some have speculated that the firm may intend to become a chartered bank. AppleĪpple ( AAPL) is constantly innovating on different fronts. He has been correct when picking stocks 68% of the time, and he has returned an average of 30.8% on each of his ratings.
TipRanks has almost 8,000 analysts in its database, and Feinseth is ranked as No. While Disney had previously halted dividend payments and share repurchases in order to shield itself from uncertain pandemic-induced economic fluctuations, Feinseth expects these shareholder value activities to resume in the near future. The top-ranked analyst went to write that “Content is King, and DIS is the King of Content,” arguing that its “strong brand equity, innovative entertainment development capabilities, and ongoing investments in new digital media development initiatives” will continue to drive gains for the entertainment behemoth. In addition to the strong spending seen at its physical theme park locations, the entertainment giant has been churning out popular content for its movie franchises and its streaming platform, Disney+. (See Walt Disney Company Stock Charts on TipRanks)įeinseth rated the stock a buy, and he provided a price target of $229 per share. Ivan Feinseth of Tigress Financial Partners is upbeat on Disney’s outlook, noting that the company managed to generate 100% year-over-year gains in revenue from its theme parks. Disney ( DIS) recently experienced a massive rebound in revenues brought in by its theme parks as the pandemic and its restrictions waned.
0 kommentar(er)
