Is Apple Stock Overbought? The Answer May Surprise You.
With shares of tech giant (NASDAQ: AAPL) up more than 32% year to date, some investors might be wondering if the stock has become overvalued. After all, revenue or earnings didn't grow during this period. On the contrary, they contracted.
The stock's big gain, therefore, has been driven solely by valuation multiple expansion. Is the big move justified? Or is it time for shareholders to take some profit off the table?
Despite the stock's sharp and rapid rise this year, shares not only don't look overbought, but they arguably appear attractive.
Source Fool.com
Apple Inc. Aktie
180,12 €
0,84 %
Leichte Kaufneigung bei Apple Inc., mit mehr Buy- als Sell-Einschätzungen.
Ein positives, wenn auch bescheidenes, Potenzial für Apple Inc. mit einem Kursziel von 200 € im Vergleich zum aktuellen Kurs von 180.12 €.
