Amid Slowing Growth, Apple's Ace in the Hole Is More Important Than Ever
Everyone knows (NASDAQ: AAPL) for its iconic brand. But investors know Apple as a long-term outperforming stock and the largest U.S.-based company by market cap.
Apple uses a lot of its excess cash to buy back its own stock. But the value of these buybacks is often underappreciated, especially during a period of slowing growth like Apple is in right now.
Let's take a look at what's impacting the tech company today and why the stock could be worth buying even if growth remains muted over the next five years.
Source Fool.com
Apple Inc. Stock
€206.00
1.880%
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 9 Sell predictions.
With a target price of 209 € there is a slightly positive potential of 1.46% for Apple Inc. compared to the current price of 206.0 €.
