Day: January 26, 2021

Apple Gets Price Hike From Evercore on Apple Car Project

Apple  (AAPL) – Get Report received a price target increase to $160 from $145 from an Evercore ISI analyst who said the tech giant’s proposed Apple Car could have the same disruptive impact as the company’s iPhone.

Shares of the Cupertino, Calif. company were up 2.63% to $142.66 in trading Monday.

Analyst Amit Daryanani, who kept an outperform rating on the shares, said in a note to investors that his near-term “bullish bias” is driven by expectations for an iPhone supercycle, the monetization of its installed base and gross margin expansion, according to the Fly.

The analyst also said that recent discussions around Apple Car “have become louder” and sees increased odds that Apple will have a product in the automotive space in the next five years.

Daryanani said the auto market will be a driver for multiple expansion given the potential for Apple to “disrupt the Automotive

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19 ‘Greatest Single Risk Ever’ For Auto Business

Transport infrastructure consists of the mounted installations, including roads , railways , airways , waterways , canals and pipelines and terminals resembling airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (together with fueling docks and fuel stations ) and seaports Terminals may be used each for interchange of passengers and cargo and for maintenance. American cars are additionally a superb alternative in case you are on the lookout for a reliable engine. American engines are often not very efficient, mostly large engines with high gasoline consumption. The chassis and suspension are sometimes very outdated and lag far behind the other cars. Once a fringe item in a global vitality market centered on oil, electric autos are part of a possible new ecosystem that features self-driving vehicles and trip-hailing, says Daniel Yergin, vice chairman at IHS Markit.

CarMax. This online used automotive superstore is a … Read More