Wall Street Is Hating on Apple Right Now. Here Are 5 Reasons I'm Not.
(NASDAQ: AAPL) delivered what should objectively be viewed as a solid performance with its fiscal 2023 fourth-quarter results reported on Thursday. The tech giant beat analysts' estimates on both the top and bottom lines. So were those analysts happy? Nope.
There were two main complaints. First, Apple's total revenue declined for the fourth quarter in a row. Second, CFO Luca Maestri hinted that the company might not return to growth in the next quarter as analysts expected.
Wall Street appears to be hating on Apple to some extent after its latest quarterly update. Here are five reasons I'm not.
Source Fool.com
Apple Inc. Stock
€201.95
-1.560%
Currently there is a rather positive sentiment for Apple Inc. with 106 Buy predictions and 9 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 3.99% for Apple Inc. compared to the current price of 201.95 €.
