2 Reasons Apple Stock Is a Buy Today
's (NASDAQ: AAPL) fiscal fourth-quarter financial results beat expectations but management's guidance for fiscal Q1 was worse than expected. Analysts have seemed to focus more on the latter instead of the former, even though the tech giant's earnings per share grew by a double-digit year-over-year growth rate and beat analyst estimates by 5%. Following the report, a number of analysts have lowered their price targets on the stock.
But I'd argue that there were actually two takeaways from the report that should make investors more bullish on the stock.
Here are two reasons I think shares are a buy today.
Source Fool.com
Apple Inc. Stock
€201.50
-0.540%
Currently there is a rather positive sentiment for Apple Inc. with 108 Buy predictions and 9 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 4.22% for Apple Inc. compared to the current price of 201.5 €.
