Apple Stock: Time to Buy the Dip?
Shares of (NASDAQ: AAPL) have taken a big hit in recent weeks, pulling back about 9% since Aug. 1. The decline is likely due to a combination of factors, including shares taking a breather after a huge run-up this year and concerns about China's move to ban iPhones at some of its central government agencies.
Is the stock's slide a buying opportunity or a red flag signaling underlying problems that could be bad news for investors? One analyst is telling investors this week that the stock's decline has gone too far, presenting an attractive buying opportunity.
Morgan Stanley analyst Erik Woodring was the market's bold contrarian last week. Following a two-day 6% slide in the iPhone maker's stock as investors worried that the ban of iPhones at some central government agencies could be expanded, the analyst reiterated a $215 price target for the stock and said its pullback on China worries had been overdone.
Source Fool.com
Apple Inc. Aktie
Die Apple Inc. Aktie ist etwas beliebter: Mehr Buy- (73) als Sell-Einschätzungen (7).
Das von der Community festgelegte Kursziel von 280 € für Apple Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 264.6 € hin.
