Apple Stock Has 20% Upside, According to 1 Wall Street Analyst
Growth concerns keep dogging (NASDAQ: AAPL). The Cupertino colossus abandoned plans to build its electric car, iPhone sales in China are drying up, and Apple even seems to have missed the boat on artificial intelligence -- to the extent it's had to ask Google for help). Share prices of Apple stock are down about $20 from recent highs hit in January.
But that's not necessarily bad news for new investors.
Up until recently, writes JPMorgan analyst Samik Chatterjee, investors "have ... been averse to the premium valuation" of Apple stock. But now that Apple's share price is a bit less premium, investors may be willing to give it a second look -- and once they do, they may like what they see.
Source Fool.com
Apple Inc. Stock
€201.50
-0.540%
Our community is currently high on Apple Inc. with 108 Buy predictions and 9 Sell predictions.
As a result the target price of 210 € shows a slightly positive potential of 4.22% compared to the current price of 201.5 € for Apple Inc..
