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2 Reasons Apple Stock Is a Buy Today


's (NASDAQ: AAPL) fiscal fourth-quarter financial results beat expectations but management's guidance for fiscal Q1 was worse than expected. Analysts have seemed to focus more on the latter instead of the former, even though the tech giant's earnings per share grew by a double-digit year-over-year growth rate and beat analyst estimates by 5%. Following the report, a number of analysts have lowered their price targets on the stock.

But I'd argue that there were actually two takeaways from the report that should make investors more bullish on the stock.

Here are two reasons I think shares are a buy today.

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Source Fool.com

Apple Inc. Stock

€264.05
-0.020%
With only a change of -€0.050 (-0.020%) the Apple Inc. price is nearly unchanged from yesterday.
Our community is currently high on Apple Inc. with 74 Buy predictions and 7 Sell predictions.
As a result the target price of 280 € shows a slightly positive potential of 6.04% compared to the current price of 264.05 € for Apple Inc..
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