Is Apple Stock Headed to $250? 1 Wall Street Analyst Thinks So.
It's been a tough year for (NASDAQ: AAPL) investors. The company posted year-over-year sales declines for four consecutive quarters before finally returning to positive growth. Lackluster sales and fears about the iPhone's fading relevance in China have some investors fearing the worst.
One Wall Street analyst believes investors are missing the forest for the trees.
Wedbush analyst Dan Ives reaffirmed his price target of $250 on Apple while maintaining an outperform (buy) rating on the stock. This suggests a potential upside of roughly 47% over the coming year, compared to Tuesday's closing price.
Source Fool.com
Apple Inc. Stock
€199.24
-0.720%
Currently there is a rather positive sentiment for Apple Inc. with 147 Buy predictions and 17 Sell predictions.
With a target price of 224 € there is a slightly positive potential of 12.43% for Apple Inc. compared to the current price of 199.24 €.
