A Bull Market Could Be Here: 2 Reasons to Buy Apple Stock
(NASDAQ: AAPL) shares have slid 4% since the start of August, with investors disappointed by revenue declines in several of its product segments during its fiscal 2023's third quarter (ended July 1). This represents the tech leader's third consecutive quarter of falling revenue as it fights macroeconomic headwinds.
Despite recent hurdles, Apple continues to have a solid long-term outlook. The company has a booming services business that enjoyed an 8% bump in revenue in the latest quarter, and it has leading market shares across its product lineup that will likely pay off once the sector bounces back.
Moreover, easing inflation and technological advances have paved the way for a correction from last year's sell-off, with many analysts calling for a bull market. Apple's stock is up 45% year to date thanks to the recovery. Here are two reasons to buy Apple stock now.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 84 Buy predictions and 6 Sell predictions.
As a result the target price of 199 € shows a slightly positive potential of 16.99% compared to the current price of 170.1 € for Apple Inc..
