Why Apple Won’t Acquire Peloton
Peloton’s subpar technology and inability to follow consumers wherever they go make the connected fitness leader an unattractive acquisition candidate for Apple, according to Needham analyst Laura Martin.
Apple Services and Wearables to Push Stock to $450: Needham
Apple’s Services and Wearables segments will fuel the company’s ecosystem and drive growth in revenue per user for years to come, according to Needham analyst Laura Martin. The firm raised its price target for the iPhone maker to $450 from $350 on Wednesday.
Warner Music Group Gets Flurry of Positive Ratings from Wall Street
Warner Music Group is getting the approval of several analysts as many begin initiating coverage of the pure-play music company with positive ratings and price targets ranging from $28 to $40.