Apple Stock Has 47% Upside, According to 1 Wall Street Analyst
(NASDAQ: AAPL) stock is in a funk. Concerned by the company's late arrival to the artificial intelligence (AI) game (and its consequent need to iPhone Google for help), share prices of the iEverything stock are down about 12% since the start of 2024.
And that's not all. Investors also seem worried Apple has lost its mojo in China. Last summer, the Chinese Communist Party banned the use of Apple iPhones in government offices, giving Chinese consumers a none-too-subtle cue that Apple is persona non grata in the Middle Kingdom.
Wedbush Securities analyst Daniel Ives called this "one of the more difficult China demand environments seen the last five years," in a note covered on TheFly.com on Tuesday. And yet, Ives suspects Apple will come out on top -- and urges investors not to miss the "forest for the trees."
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 9 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 2.36% for Apple Inc. compared to the current price of 205.15 €.
