Apple's slowdown era rages on, and the iPhone may not be enough to power its stock
With Apple still in its no-growth era, some analysts urge caution, while others see a bright long-term picture.
Source: marketwatch.com
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With Apple still in its no-growth era, some analysts urge caution, while others see a bright long-term picture.
Samik Chatterjee from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price remains set at USD 235.
Services, investments in emerging markets, and accessories have given Apple the buoyancy it needs in challenging economic times.
QCOM earnings call for the period ending June 30, 2023.
"We view AAPL as a long-term earnings & free cash flow compounder with strong visibility into that growth that supports a premium valuation."