Apple Stock This Week: Wall Street Bulls and Bears, Earnings Season And More
In the past five days, Apple shares traded 8% higher. The Apple Maven revisits the main topics that were relevant for the stock price performance in the last week.
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Apple stock at $175 or $83? Both paths explored
Wall Street analysts seem to agree, on average, that Apple stock is a strong buy. But around the consensus price target of $150 per share, estimates vary widely: from $83 at the bearish end to $175 at the bullish end of the spectrum.
iPhone super cycle
Wedbush places the iPhone at the center of the investment thesis. The analyst believes fervently in the 5G super cycle, arguing that just about 40% of Apple’s smartphone installed base is currently overdue for an upgrade. Greater China, a struggling geographic segment for the past five years, represents a sizable rebounding opportunity.
Apple share price is trading above the $130 mark for the first time since mid-February
Traders buying Apple stock will now look to for a return to the area that hosts the all-time high near $145
Shares of Apple (NASDAQ: AAPL) soared to a 7-week high today as stocks keep printing fresh highs on recovery hopes.
Fundamental analysis: Morgan Stanley and Goldman Sachs have opposite predictions over Apple Services Revenue
Apple is set to report its revenue results around April 30 and Morgan Stanley and Goldman Sachs analysts are in disagreement over Apple Services revenue. Morgan Stanley’s Katy Huberty is optimistic about Apple’s report while GS analyst Rod Hall is expecting a disappointment.
Apple Car (AAPL) To Play a Pivotal Role in Spurring the iPhone Maker Toward a $3 Trillion Valuation wccftech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wccftech.com Daily Mail and Mail on Sunday newspapers.