Is It Too Late to Buy Apple Stock?
(NASDAQ: AAPL) stock is coming out of a solid growth year, with its shares climbing 48% in 2023. However, the company's stock performance doesn't tell the whole story.
Macroeconomic headwinds caught up with Apple last year, causing reductions in consumer spending and repeated declines in product sales. Meanwhile, the company had to contend with restrictions on its smartphones in China and a potential patent infringement with its new Apple Watch. The issues culminated in a 3% year over year decline in revenue for the company's fiscal 2023.
However, Apple remains a tech behemoth with vast financial resources. Its reputation saw investors stick with the company even through challenging market conditions last year, illustrated by its stock growth. The company is in a slump, but it's unlikely to last forever.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 106 Buy predictions and 8 Sell predictions.
As a result the target price of 209 € shows a slightly positive potential of 3.64% compared to the current price of 201.65 € for Apple Inc..
