As the earnings season roller coaster continues to move, analyst are weighing in on tech giant Apple Inc.(NASDAQ:AAPL) and mining giant Freeport-McMoRan Inc (NYSE:FCX).

Apple Inc.

Apple shares are down 4.50% after the company reported a solid December quarter, but as was widely expected, March guidance was weak.

In reaction, FBR Capital analyst Daniel Ives reiterated an Outperform rating the stock, while reducing the price target to $130 (from $133), which implies an upside of 36% from current levels.

Ives commented, “We think there are three reasons for March iPhone weakness. First, last year’s March quarter saw 40% Y/Y growth. Second, macro issues, including currency, are hurting several regions. And last, the company built channel in the December quarter. With a channel build of 3.3 million iPhones, seasonality is somewhat distorted into March. Normalizing December for the build, March looks about 5 million units below normal seasonality, and as such our out quarter estimates do not change as much. We are lowering our EPS estimates to $9.20 from $9.50 for FY2016 and to $10.25 from $10.43 for FY2017.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Daniel Ives has a yearly average return of -0.7% and a 41% success rate. Ives has a -13.9% average return when recommending AAPL, and is ranked #2422 out of 3607 analysts.

Out of the 54 analysts polled by TipRanks, 41 rate Apple stock a Buy, 10 rate the stock a Hold and 3 recommend a Sell. With a return potential of 46%, the stock’s consensus target price stands at $139.18.

Freeport-McMoRan Inc

Freeport-McMoRan shares jumped nearly 17% today after the company released its fourth quarter results, reporting a fourth-quarter EPS beat with adjusted EPS of $(0.02), compared to Street estimates of $(0.18).

However, FBR’s Lucas Pipes think investors should remain on the sidelines, reiterating his Market Perform rating and price target of $8.

Pipes commented, “Overall, we believe that the company’s cost guidance, although lower than previously, did not exceed investors’ expectations for further cost deflation. In addition, capex guidance was slightly increased versus prior guidance. The company announced “additional initiatives” for pursuing debt reduction, including cost and capital management, asset sales and JVs, and alternatives for the O&G business. In our opinion, investors will demand more details on the potential size of the asset sales to possibly regard this announcement as a positive near-term catalyst.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Lucas Pipes has a yearly average return of -29.4% and a 18.5% success rate. Pipes has a -44.0% average return when recommending FCX, and is ranked #3575 out of 3607 analysts.

Out of the 10 analysts polled by TipRanks, 3 rate Freeport-McMoRan stock a Buy, 6 rate the stock a Hold and 1 recommends a Sell. With a return potential of 160%, the stock’s consensus target price stands at $12.66.