1 Green Flag for Apple in 2023, and 1 Red Flag
Wall Street has gone hot and cold on tech this year, with many of the market's stocks soaring in the first half of 2023 as excitement over artificial intelligence (AI) increased. However, the Nasdaq-100 Technology Sector index tumbled 6% since the start of August, when multiple companies posted dismal quarterly results. The decline proved many companies are still fighting against macroeconomic headwinds, which could continue into next year.
Despite the immense popularity of its products, (NASDAQ: AAPL) hasn't come through market challenges unscathed. The company has faced repeated revenue declines, with its shares falling about 9% since Aug. 1. As a result, it's not a bad idea to learn more about this tech giant before filling up on its stock.
So here are one green flag and one red flag for Apple in 2023.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 147 Buy predictions and 17 Sell predictions.
As a result the target price of 223 € shows a slightly positive potential of 11.44% compared to the current price of 200.1 € for Apple Inc..
