Apple Stock: Buy the Dip?
Shares of (NASDAQ: AAPL) have pulled back significantly since the company's earnings report earlier this month. As of this writing, the stock has fallen a total of about 7% since the quarterly update on Aug. 3.
This decline comes even though Apple returned to earnings growth during the quarter. Is this pullback a red flag or a buying opportunity?
Here's a look at why Apple's earnings report may be better than it appears on the surface, and why the decline in the company's stock price may, indeed, represent a good buying opportunity.
Source Fool.com
Apple Inc. Stock
€203.80
0.740%
Our community is currently high on Apple Inc. with 108 Buy predictions and 9 Sell predictions.
As a result the target price of 212 € shows a slightly positive potential of 4.02% compared to the current price of 203.8 € for Apple Inc..
