The tech world is buzzing with anticipation for the iPhone 16 launch today, and Wall Street analysts are taking notice. On CNBC’s “Halftime Report Final Trades,” Brian Belski of BMO Capital highlighted Apple Inc. (AAPL), calling it a significant week for the company.
Dan Ives, a prominent Wall Street analyst at Wedbush Securities, believes the iPhone 16 launch could be a game-changer for Apple. In a research note released Sunday, Ives predicts the launch could mark “Cupertino’s biggest upgrade cycle in its history.”
Meanwhile, Jim Lebenthal of Cerity Partners chose Cisco Systems, Inc. (CSCO) as his pick. This selection comes after HSBC analyst Stephen Bersey upgraded Cisco from Hold to Buy on August 16th and increased the price target from $46 to $58.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC, favored Kinetik Holdings Inc. (KNTK), citing its 6.8% yield. Kinetik Holdings reported strong quarterly earnings on August 7th, exceeding analyst estimates with 54 cents per share in earnings and $359.46 million in sales.
Rounding out the analyst picks, Stephen Weiss of Short Hills Capital Partners opted for the U.S. 2 Year Treasury.
Apple shares closed at $220.82 on Friday, down 0.7%. Cisco shares ended the day at $48.50, down 1.3%. Kinetik Holdings shares closed at $44.13, down 0.7%.
