The Surprising Reason Why Apple's Slowing Growth Isn't as Bad as It Seems
(NASDAQ: AAPL) stock popped 6% on Friday despite the company reporting sluggish growth and weak guidance. The positive response could be due to Apple underperforming the S 500 and tech sector by a considerable amount over the last year and the stock looking like a decent value relative to other opportunities.
But another contributing factor for investor optimism could be that Apple's growth just isn't as bad as it seems. Here's why the investment thesis is still strong and why the tech stock is worth buying now.
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Source Fool.com
Apple Inc. Stock
€173.28
0.220%
Our community is currently high on Apple Inc. with 77 Buy predictions and 5 Sell predictions.
As a result the target price of 200 € shows a slightly positive potential of 15.42% compared to the current price of 173.28 € for Apple Inc..
