1 Green Flag for Apple in 2023, and 1 Red Flag
Share prices of (NASDAQ: AAPL) have tumbled 9% since Aug. 1 as a reaction to disappointing earnings results for the third quarter. The company did beat analyst estimates for earnings per share and revenue but both figures were flat year over year. Year-over-year declines across its product segments concerned investors and led to a stock dip.
The iPhone manufacturer faces uncertain market conditions that are affecting many companies and causing reductions in consumer spending. But these challenges aren't likely to be long-term, which suggests a potential investment opportunity. The company's shares rarely stay down for long, so it might be worth buying the dip.
Before going all in on a buy though, it might be helpful to look at the positives and potential negatives of the business. Here's one green flag and one red flag for Apple in 2023.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 147 Buy predictions and 17 Sell predictions.
With a target price of 224 € there is a slightly positive potential of 12.43% for Apple Inc. compared to the current price of 199.24 €.
