Apple Stock Could Fall After Next Week's Launch Event -- or Not
On Tuesday, widely followed Apple (NASDAQ: AAPL) analyst Gene Munster stated that Apple stock could fall by about 10% in the next one to three months, according to CNBC. Munster's reasoning is that a lot of the hype surrounding the new iPhone will wear off following the launch event scheduled for next Tuesday. After all, it will be months before investors get a real sense of how Apple's new iPhones are selling.
Nevertheless, while Apple stock has surged by about 50% in the past year, investors shouldn't count on a pullback anytime soon. The new flagship iPhone could potentially drive a huge acceleration in Apple's revenue growth -- as was the case three years ago with the iPhone 6 family. If that occurs, the stock price could just keep rising.
Source: Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 147 Buy predictions and 17 Sell predictions.
With a target price of 227 € there is a slightly positive potential of 9.98% for Apple Inc. compared to the current price of 206.4 €.
