Expectations For This Week's Big Tech Earnings: Apple, Meta Platforms (FB)

Apple's (AAPL) supply constraints are not expected to be a major headwind for the March and June quarters, says Angelo Zino, CFRA Research. He thinks the services side of things is going to be key for Apple with an estimate of 17% growth, down from last quarter's 24%. CFRA has a buy rating and a $200 price target on Apple. We are seeing increasing competitive pressures on Meta Platforms (FB) from Tik Tok and lower engagement levels. We also see operating expenses growing more than 30% in 2022. CFRA has a hold rating and a $294 price target on Meta Platforms.