This Warren Buffett Stock Has a Challenging Road Ahead. Here's Why It's Still a Buy.
Investing sage Warren Buffett spent decades investing in sectors such as financial services and industrials. On the surface, having limited exposure to high-growth, flashy technology companies seemed counterintuitive. However, Buffett's investing style has always revolved around cash-flowing businesses. In other words, what good is a company that grows its top line by 50% (or more) if it can't turn a profit?
Well, in 2016 the Oracle of Omaha made a surprising move when he initiated a position in (NASDAQ: AAPL). Over the last several years, Buffett has built such a large position in the company that Apple is now his top holding.
Let's dig into Apple's business and analyze why the traditionally tech-shy Buffett has evolved into a cheerleader for the iPhone maker.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 102 Buy predictions and 8 Sell predictions.
As a result the target price of 210 € shows a slightly positive potential of 3.81% compared to the current price of 202.3 € for Apple Inc..
