1 Reason Apple Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague
Over the past five years, shares of (NASDAQ: AAPL) have soared 218%, which translates to an annualized gain of 26%. That rise undoubtedly beats the gain of the Nasdaq Composite Index by a long shot.
But shares are off about 11% from their all-time high price (as of Sept. 21), a move that came about after the business reported its fiscal 2023 third-quarter earnings. Perhaps investors aren't happy with softer sales trends.
Regardless of what the latest numbers show, it's important to gain a better understanding of Apple. Here's one reason that this top FAANG stock is a no-brainer buy, as well as one reason that investors are better off avoiding it altogether.
Source Fool.com
Apple Inc. Stock
€201.65
0.550%
Currently there is a rather positive sentiment for Apple Inc. with 106 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.15% for Apple Inc. compared to the current price of 201.65 €.
